Yahoo in talks with News Corp.

by mtippett | February 14, 2008 at 02:09 pm | 486 views | add comment
Yahoo! Japan billboard
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Chris DeWolfe and Rupert Murdoch at the Web 2.0 Summit in San Francisco
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The plot thickens...


Microsoft has a new competitor for Yahoo's affections: Rupert Murdoch.

The Netco is talking to News Corp. about a potential deal that would merge Yahoo with News Corp.'s Web assets like MySpace and IGN, according to a person familiar with the situation. In return, News Corp. and a private equity firm -- reported to be Providence Capital -- would buy a significant stake in Yahoo.

A News Corp. spokesman declined to comment.

Source: variety.com via mtippett

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February 14, 2008 at 02:09 pm by mtippett, 486 views, add comment

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