Murdoch Won`t Fight for Yahoo

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. 

CIO Insight Staff
CIO Insight Staff
CIO Insight offers thought leadership and best practices in the IT security and management industry while providing expert recommendations on software solutions for IT leaders. It is the trusted resource for security professionals who need network monitoring technology and solutions to maintain regulatory compliance for their teams and organizations.

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