Thursday, February 14, 2008

News Corp. Enters Yahoo Fray

The odds of Microsoft Corp. winning its $42.1 billion bid for Yahoo Inc. appear to be improving, but Yahoo hasn't abandoned hope of finding a way to keep the software giant at bay.

Its best chance may be a deal under discussion with News Corp., in which the media conglomerate would swap its ownership of MySpace and several other online properties for a stake of 20% or more in Yahoo, according to people familiar with the discussions. Yahoo has also reached out to others, including Time Warner Inc.'s AOL, although that option appears more remote, other people close to the situation say. [Click for MORE] Sphere: Related Content

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