Menu
News Corp. said to be in talks for a stake in Yahoo

News Corp. said to be in talks for a stake in Yahoo

Under the deal News Corp. would get more than a 20% stake in Yahoo

News Corp. is in talks with Yahoo Inc. about combining MySpace.com and other online properties owned by News Corp. in an attempt to scuttle Microsoft Corp.'s unsolicited US$44.6 billion takeover bid of Yahoo, according to a report in The Wall Street Journal.

Under the deal, News Corp. would get more than a 20% stake in Yahoo, according to the report, which quoted people familiar with the matter. The deal would keep Microsoft from acquiring Yahoo, while giving News Corp. control over a large number of Internet properties and advertising markets. On Monday, Yahoo's board turned down Microsoft's offer, saying it undervalued the company.

The deal between Yahoo and News Corp., which owns the Journal, would also include some cash from News Corp. and a private equity firm, according to the report. The deal is similar to one the two companies discussed over the past 18 months, but the talks fell apart over disagreement on the value of MySpace. News Corp. is expected to value MySpace at $6 billion to $10 billion, the Journal said, quoting the unnamed sources.

While not responding directly to the report, a Yahoo spokeswoman said in an e-mail, "Our board is continuing to carefully and thoroughly evaluate its strategic options and is committed to pursuing initiatives that maximize value for all stockholders."

News Corp. could not be reached for comment. Microsoft declined to comment.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Featured

Slideshows

Malwarebytes shoots the breeze with channel, prospects

Malwarebytes shoots the breeze with channel, prospects

A Kumeu, Auckland, winery was the venue for a Malwarebytes event for partner and prospect MSPs - with some straight shooting on the side. The half-day getaway, which featured an archery competition, lunch and wine-tasting aimed at bringing Malwarebytes' local New Zealand and top and prospective MSP partners together to celebrate recent local successes, and discuss the current state of malware in New Zealand. This was also a unique opportunity for local MSPs to learn about how they can get the most out of Malwarebytes' MSP program and offering, as more Kiwi businesses are targeted by malware.

Malwarebytes shoots the breeze with channel, prospects
EDGE 2019: Channel forges new partnerships during evening networking

EDGE 2019: Channel forges new partnerships during evening networking

Partners, vendors and distributors reconnected during a number of social gatherings during EDGE 2019. The first evening saw the channel congregate for a welcome party at the Hamilton Island yacht club, while the main poolside proved to be the perfect stop for a barbecue on the final night.

EDGE 2019: Channel forges new partnerships during evening networking
Show Comments