The bad news continues for Yahoo. This week, as the Internet company cuts an estimated 1,100 jobs, it's also been hit with a shareholder lawsuit for refusing Microsoft's $44.6 billion buyout offer. Google has also reportedly shied away from an earlier offer to help Yahoo with its search advertising business in order to fend off Microsoft's bid.
Yahoo continues to look for alternatives. According to a source familiar with the matter, News Corp. and Yahoo have been in talks about forging some kind of a deal that would counter Microsoft's offer. The source did … Read more