News Corp rules out fighting Microsoft for Yahoo

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

Murdoch's company has been in talks with Yahoo over a transaction to combine News Corp's MySpace social-networking site and other internet assets with Yahoo, a source familiar with the talks said earlier.

"We're 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 $41.4bn (£20.6bn) bid to buy Yahoo.

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

Related Links:

• Go back to category Business to read more reviews and articles.
• Go back to Software Magazine's main page.