The ongoing saga of Yahoo's sale continues with news that Microsoft would back what it sees as the right bid.

According to numerous sources, Microsoft execs have been meeting with private equity firms mulling over bids to buy Yahoo and telling investors the company might be willing to lend significant financing to their efforts. Report: Microsoft Says it'll Back The Right Bid for Yahoo [recode.net]

Kara Swisher is keeping a close eye on this and has observed...

Every single possible buyer I have spoken to this week agreed in spades, with many calling the Yahoo sale effort a farce. The current Yahoo board has said it is not, but the credibility of the current Yahoo board is — let’s be honest — under some much-deserved scrutiny.

This whole process seems to be taking an age, but I suppose due diligence will take a while.