Wednesday, February 13, 2008

News corp and Yahoo talking? (wsj)

News Corp. Enters Yahoo Fray

By Jessica E. Vascellaro
Word Count: 388 | Companies Featured in This Article: News Corp., Yahoo, Microsoft

News Corp. and Yahoo Inc. are in discussions about combining MySpace and other News Corp.-owned online properties with Yahoo, according to people familiar with the matter.

The discussions are aimed at helping Yahoo fend off Microsoft Corp's unsolicited takeover offer, which was initially valued at $44.6 billion. Under the deal being discussed, News Corp. would get a stake in Yahoo which could be more than 20%.

The deal under discussion, which would also include a contribution of cash ...

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