Printed from http://www.electronista.com

Yahoo adding News Corp to partner list?

updated 04:45 pm EST, Wed February 13, 2008

Yahoo/News Corp. merger?

Yahoo has added News Corporation to the list of potential partners that could save it from purchase by Microsoft, says The Wall Street Journal. The newspaper -- which itself has been purchased by News Corp. -- cites anonymous sources, who say that in exchange for a cash infusion, Yahoo would have to surrender a stake worth as much as 20 percent or more, thereby granting News influence over many websites and the world of online advertising. News already owns MySpace, IGN and Rotten Tomatoes.

The two companies have actually been discussing partnership repeatedly over the course of 18 months, but the obstacle has long been a valuation of MySpace: News is pushing for an estimate between $6 to 10 billion, which would affect the stake News could reasonably claim, according to the Journal's sources.

Yahoo may desperately need the help of News if it intends to retain its independence, or inflate the cost of a Microsoft acquisition. Google is rumored to be distancing itself from the prospect of helping Yahoo, while negotiations with AOL, if real, will have only recently begun. An original attempt at an AOL/Yahoo merger disintegrated completely, well before Microsoft's recent bid.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

ActvContent Sync Smartband

Smartbands of all sorts are hitting the market. Some build on the buzz around fitness trackers, while others offer simpler features fo ...

RocketStor 6324L Thunderbolt 2 eSATA bridge

Like it or not, the shift to Thunderbolt is underway. The connection is extremely flexible, allowing for video and data to co-habitate ...

Patriot Stellar Boost XT 64GB USB 3.0 drive

A vast selection of USB memory sticks means that consumers can often find exactly the size drive they need in a configuration that can ...

Sponsor

toggle

Most Commented

 
toggle

Popular News