Murdoch Won`t Fight for Yahoo

By Reuters  |  Posted 03-11-2008

Rupert Murdoch said on Monday his News Corp would not get into a fight with Microsoft over Yahoo, confirming what most industry and Wall Street observers suspected.  

Murdoch's company has been in talks with Yahoo over a transaction to combine News Corp's MySpace social network and other Internet assets with Yahoo, a source familiar with the talks said earlier.

 

"We're not going to get into a fight with Microsoft, which has a lot more money than us," Murdoch told investors at the annual Bear Stearns media conference.

 

Microsoft has made an unsolicited $41.4 billion bid to buy Yahoo.

 

Time Warner has also held talks to combine its AOL Internet division with Yahoo, another source said last week.