Printed from http://www.electronista.com

News Corp "unlikely" to team with Yahoo

updated 08:45 am EDT, Fri July 11, 2008

News Corp Nixes Yahoo Talk

Fox's parent company News Corp. is unlikely to link up with Yahoo and offer an alternative to a Microsoft takeover, says News Corp. chief Rupert Murdoch. Speaking at the Sun Valley conference, the executive claims that the likelihood of any deal is now slim despite early talks after Microsoft had first announced its plans to buy out Yahoo. The latter search engine company has been eager to find a partner for a deal that would bolster its value and either deter Microsoft from making a purportedly undervalued bid.

However, Murdoch also dismisses the likelihood that Microsoft will make a play for Yahoo even after its looming shareholders meeting on August 1st, which sees investor Carl Icahn threatening to oust the Yahoo board for a slate more friendly to being bought out by Microsoft. The News Corp head estimates that Microsoft will simply "walk away" from any deal, including partial ones, within six months due to the acrimony between the top officials at either firm.

"There's bad personal feelings," Murdoch says.

Yahoo has lately been looking primarily to AOL for a saving deal, which most expect would fold AOL into Yahoo's website catalog in exchange for a partial stake in the project by AOL's owner Time Warner.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

  1. suhail

    Senior User

    Joined: Nov 1999

    +1

    sheesh

    The their options were Evil or more Evil. I'm glad Yahoo seems to still have some moral values, a rare quality nowadays.

Login Here

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

toggle

Network Headlines

toggle

Most Popular

Advertisement

Recent Reviews

Moshi iVisor AG and XT for iPad Air 2

Have you ever tried to put in a screen protector that relies on static to cling to the screen? How many bubbles and wrinkles does it h ...

Epson PowerLite Home Cinema 3500 projector

Trying to find the perfect projector for a home theater can be tricky, as there are bountiful options on the market from a large numbe ...

Thecus N2310 NAS

For every computer user, there comes a point of critical mass in data storage. When it hits, external hard drives, USB sticks and DVD ...

Advertisement

toggle

Most Commented

 
toggle

Popular News