We can already hear the moans and groans, but nevertheless, a Yahoo investor has proposed a new deal today to sell the search company to Microsoft for $22 a share. That figure represents a 74 percent premium on the company's current stock price.

The proposal calls for Microsoft to "unload Yahoo's Asian assets and non-search businesses, extract $3 billion worth of cost savings, and receive $2.8 billion of tax benefits," Reuters reports. All tallied up, the deal would have Microsoft paying $10.3 billion for Yahoo's search business.

Mithras Capital, the investment fund who came up with the proposal, owns a 14 percent stake in Yahoo (1.9 million shares) and said in a press release that if approved, Microsoft would be buying Yahoo's search business for $2 billion less than what it offered in July.

Whether or not anything comes out of this remains to be seen, but it's worth noting that Yahoo today fell into the $12 per share range for the first time.

Image Credit: Despair.com

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