MS Courting Yahoo! …Again

Pepe le Peu Courting Female Cat
Microsoft knocks on Yahoo’s door again – From what I can gather, this isn’t the first time MS has approached Yahoo. I can totally understand MS’s rationale but what would Yahoo gain from the deal?
Yahoo! CEO Terry Semel has not been doing the best things for his company, and I don’t thing being associated with Microsoft would help.
For instance, when I see a Google-Apple alliance, I see a great partnership. I don’t get that feeling when I imagine a Yahoo-Microsoft alliance.