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First MS, now Murdoch... I don't know which is scarier! :eek:

From BBC:
Rupert Murdoch's News Corporation is reportedly in talks with Yahoo about a possible deal that would stave off an approach from Microsoft.
The Wall Street Journal said that News Corp was eyeing a move that would see MySpace and other of Murdoch's web interests merge with Yahoo.

Yahoo would give News Corp 20% of its shares under the alleged deal, allowing it to remain independent.

Microsoft has offered to buy Yahoo for more than $40bn (£20.5bn).

However Yahoo has dismissed the move as undervaluing its brand, audience, investments in advertising platforms and future growth prospects, free cash flow and earnings potential.

Google challenge

In a letter outlining why it had spurned the offer, Yahoo chief executive Jerry Yang said that the firm was in a position to take advantage of "a huge market opportunity".

"Today, Yahoo is a faster-moving, better-organized, more nimble company than it was just a few months ago," Mr Yang said.

"We have redeployed our resources to drive Yahoo's key strategic priorities taking important steps to streamline our organisation and close down or scale back businesses that don't support these critical growth initiatives."

Microsoft wants to merge with Yahoo to increase its online presence and enable it to better compete with industry leader Google.

It has said that Yahoo rejecting its offer, worth $31 a share, 62% above the level at which Yahoo stocks were trading when the offer was made on 1 February, was "unfortunate".

News Corp's media interests include Dow Jones - which publishes the Wall Street Journal - Fox News, BSkyB, The Sun and The Times as well as MySpace.

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webcosmo

wow! I was really hoping Microsoft would get Yahoo. That would have bring in good competition for Google.

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digitalseo

"Microsoft wants to merge with Yahoo to increase its online presence"

to Microsoft-->why not offer google if they want to increase its online presence?lol

Microsoft wants to merge with Yahoo to increase its online presence and enable it to better compete with industry leader Google.

obviously,..the main purpose of Microsoft is to compete Google...

Alan

Did Google have a hand in Microsoft not being successful? I would much rather have Microsoft in bed with Yahoo than Murdoch!

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webcosmo

Funny you said that; I was thinking the same.

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mark1230

well thats nice news but yahoo should not merge with google otherwise we have to suffer a bit there might be more controversies than if it would have been merged with msn

mars guitars

You could argue that a stronger Yahoo will help prevent Google going the monopolistic way of Microsoft... but I wih they could find a more ethical partner..

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Alan

Hey I could be there partner, ah problem I don't have the money to buy in!! Anyone willing to donate $$$billions? No, didn't think so.

Let's hope that if looking for a partner/merger they build a successful partnership soon. I hope they can to at least pose some competition to Google.

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