Now, Rupert Murdoch eyes Yahoo!

According to the the media reports published in The Tribune Media baron Rupert Murdoch is reportedly in talks with Internet major Yahoo! to merge with his MySpace online social networking site. Murdoch’s audacious move is aimed at derailing Microsoft’s attempt to buy the Yahoo, says The Telegraph.

The two sides are also in discussions about merging Yahoo with News Corporation’s other online properties. Under the deal being proposed, News Corporation would get a stake of more than 20 per cent in Yahoo.

News Corporation and an unnamed private equity firm would also inject cash into the deal. The two companies have been in talks several times over the past 18 months, and should the combination work, it would help Yahoo fend off Microsoft’s unsolicited takeover bid for over $ 44.6 billion.

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Tags: Microsoft, Yahoo