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Yahoo News, Microsoft News
News Corp will not fight Microsoft for Yahoo

Date: 3/13/2008 2:36:27 AM

Rupert Murdoch said on Monday his News Corp would not get into a fight with Microsoft Corp over Yahoo Inc, confirming what most industry and Wall Street observers suspected.

Murdochs company has been in talks with Yahoo over a transaction to combine News Corps MySpace Internet social network and other Internet assets with Yahoo, a source familiar with the talks said earlier.

Were not going to get into a fight with Microsoft, which has a lot more money than us, Murdoch told investors at the annual Bear Stearns media conference.

Microsoft has made an unsolicited $41.4 billion bid to buy Yahoo.

Time Warner Inc has also held talks to combine its AOL Internet division with Yahoo, another source said last week.

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Source: http://uk.reuters.com/article/technologyNews/idUKWEN440320080310


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