MUMBAI: There is a new twist in the Yahoo Inc tale. The online major is weighing the possibility of a partnership with Rupert Murdoch‘s media conglomerate News Corp.
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According to reports, News Corp. may decide to merge its Fox Interactive Media unit which houses MySpace and IGN with Yahoo and take a stake of 20-25 per cent in the combined entity. The talks are believed to be at a very preliminary stage. |
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Apparently, besides talking with News Corp., Yahoo also has explored an advertising partnership with Google, its biggest rival. Reports of a possible merger with Time Warner Inc.‘s AOL were published in the media recently. Microsoft‘s deal was originally at $44.6 billion, or $31 per share, while Yahoo is believed to want at least $40 per share, or about $56 billion. |
