News Corp., AOL Pursue Yahoo Deals
April 10, 2008 at 5:31 AM (PT)
THE WALL STREET JOURNAL reports YAHOO and TIME WARNER's AOL are closing in on a deal to combine their Internet operations, a move aimed at thwarting MICROSOFT's effort to acquire YAHOO, people familiar with the matter said WEDNESDAY.
But MICROSOFT is recrafting its assault plan by talking with RUPERT MURDOCH'S NEWS CORP., publisher of THE WALL STREET JOURNAL, about mounting a joint bid for YAHOO, people familiar with the matter said. MICROSOFT and NEWS CORP. have yet to reach an agreement on joining forces but one person apprised of the plan described the discussions as serious.
Such a deal would combine three of the biggest Internet properties: NEWS CORP.'S MYSPACE, which just announced the launch of MYSPACE MUSIC, MICROSOFT's MSN and YAHOO.