Say it aint so Joe, the Conservative and Liberal to Merge. Politisite has learned that Bill Gates Microsoft is talking With Rupert Murdoch's News Corp about taking over Yahoo
Rupert Murdoch's News Corporation is consulting with Microsoft about joining together in the contested bid for Yahoo, says sources close to situation. The two could join Yahoo, Microsoft's MSN and News Corporation's MySpace, and would become the largest internet venture ever. The talks are a surprising twist in the two month takeover bid that began when Microsoft made a $44.6 billion bid for Yahoo.
Rupert Murdoch's News Corp. is in talks with Microsoft about joining in its contested bid for Yahoo, according to people involved in the discussions. The combination, which would join Yahoo, Microsoft's MSN and News Corp.'s MySpace, would create a behemoth that would upend the Internet landscape.
The talks are a surprising twist in the two-month-long takeover story that began when Microsoft made a $44.6 billion bid for Yahoo.
Yahoo has resisted Microsoft's overtures, contending that it will not negotiate unless Microsoft raises its offer. Yahoo, which wants to remain independent, has been in a desperate search for white knights, holding conversations with Time Warner's AOL and News Corp.
If News Corp. throws its weight behind Microsoft's offer, that could allow Microsoft to raise its bid, putting even more pressure on Yahoo and its shareholders. At the same time, the alignment of Microsoft and News Corp. would remove a possible alternative for Yahoo, leaving it with fewer opportunities to escape Microsoft's grasp.
The talks between Microsoft and News Corp. are at a sensitive stage, people involved in the discussions said. "There's a long way to go before anything is definite," one person involved in the talks said.
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