Report: News Corp. won't battle Microsoft for Yahoo
It looks like News Corp. won't be Yahoo's knight in shining armor, after all.
News Corp. does not plan on fighting Microsoft over Yahoo, Rupert Murdoch told investors at the annual Bear Stearns media conference.
"We're not going to get into a fight with Microsoft, which has a lot more money than us," Reuters reported.
Yahoo has snubbed Microsoft's unsolicited $41.4 billion takeover bid as undervalued. To thwart Microsoft, Yahoo had been talking to News Corp. about possibly combining MySpace.com and Yahoo, according to reports.
Yahoo also has reportedly been talking to Time Warner about combining with its AOL division, but so far, nothing of substance seems to have emerged from that, either.
Microsoft could go hostile with its bid and try to install its own candidates on Yahoo's board. Yahoo delayed the deadline for Microsoft to offer up its slate in order to buy more time. But it appears that the would-be suitors aren't interested enough.
Elinor Mills covers Internet security and privacy. She joined CNET News in 2005 after working as a foreign correspondent for Reuters in Portugal and writing for The Industry Standard, the IDG News Service, and the Associated Press. E-mail Elinor. 
- It`s a done deal !
- by AppleSuxLeo March 10, 2008 9:59 AM PDT
- I.E.8 beta comes with Yahoo search as the default search provider. And BTW..."slices" and "activities" among other things are great.Too bad FireFart didn`t think of them !
- Like this Reply to this comment
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- Not yet...
- by Penguinisto March 10, 2008 3:29 PM PDT
- Incidentally, "slices" and "activities" have been in Safari for years now ;)
- Like this View reply
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(3 Comments)Glad to see you yokels finally catch up to the 21st Century.
/P