Yahoo Looking at Other Offers

After rejecting a buyout offer from Microsoft, Yahoo is reportedly entertaining a fusion with Rupert Murdoch's News Corp.

By: WKRG Staff | WKRG-TV
Published: February 13, 2008

SAN FRANCISCO (AP) - Yahoo is said to be discussing a possible
partnership with Rupert Murdoch's News Corp.
That's according to a person familiar with the talks.
Yahoo has told Microsoft that its takeover bid, initially put at
44.6 billion dollars, is too low.
The source says specifics of the proposed joint venture haven't
been worked out.
Both The Wall Street Journal and a prominent blog, TechCrunch,
reported that News Corp. is interested in folding its popular
online social network, MySpace.com, and other Internet assets into
Yahoo. News Corp owns The Wall Street Journal.
A Yahoo spokesman said the company continues to "carefully and
thoroughly" evaluate alternatives that will enrich its
shareholders.
News Corp. Chairman Murdoch indicated last week that his company
had no interest in an outright acquisition of Yahoo, but he didn't
rule out the possibility of a deal involving MySpace.
Yahoo isn't standing still, even as it considers how to proceed after
rejecting a Microsoft's buyout offer. The Internet portal giant says it has
purchased Maven Networks, which provides online video technology, for
about 160 million dollars. Yahoo says the deal will help it to expand its
consumer video and advertising businesses.

Yahoo Looking at Other Offers

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