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Yahoo turns to News Corp., leaving Microsoft jilted at the altar
Written by Daniel   
Thursday, 14 February 2008 13:18

Yahoo turns to News Corp., leaving Microsoft jilted at the altar
By Anders Bylund | Published: February 14, 2008 - 11:40AM CT

Yahoo didn't like Microsoft's advances, despite the ostensibly sweet buyout offer of $44.6 billion, or $31 per share. So management is looking around for other sweethearts that could keep it from falling under the control of big, bad Mr. Softy. Talks with Google seem to have cooled very quickly, but there's a new entry on the speed-dating card: Rupert Murdoch's News Corp.

The Wall Street Journal is reporting (subscription) on Yahoo and News Corp.'s exchange of love notes ("Do you like me? [ ] Yes [ ] No"), in which the deal would entail spinning out Murdoch's Web assets like MySpace,, and PhotoBucket and send a few billion dollars in cash on the side. In return, the company and an as-yet anonymous private equity investor would own about 20 percent of the new Yahoo, and the cash component would value that company at about $50 billion.   [More...]  [Comments...]

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