Wednesday, February 13, 2008

Yahoo in Talks with News Corp. about Working Together on MySpace and More

Yahoo is in talks with News Corporation about combining the latter's MySpace and other News Corp.-owned online properties with Yahoo. The move is seen as a move to fend off Microsoft's attempt to take over Yahoo, and would reportedly include News Corp. paying cash to Yahoo.

Yahoo and News Corp. have reportedly been in talks about some kind of combining of their properties over the last year and a half, but the talks have taken on new urgency with Microsoft's recent unsolicited takeover bid for Yahoo, which Yahoo turned down.

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