News Corp in Deal Talks With Yahoo
Rupert Murdoch's News Corp is in talks to combine MySpace and other Internet properties with Yahoo to fend off Microsoft's $42.1 billion bid, according to several reports.
One proposal under discussion would value the MySpace online social network at around $6 billion to $10 billion and would give News Corp a more than 20 percent stake in a combined company, according to the Wall Street Journal Web site Wednesday.
News of the discussions were first reported by the Silicon Alley Insider blog, followed by the TechCrunch blog. A proposed deal would involve a cash infusion from News Corp and an unnamed private equity fund, according to TechCrunch.
News of the discussions were first reported by the Silicon Alley Insider blog, followed by the TechCrunch blog. A proposed deal would involve a cash infusion from News Corp and an unnamed private equity fund, according to TechCrunch.