Rupert to the Rescue? Probably Not

February 14, 2008 at 12:03 am PT

Does News Corp. really want a piece of Yahoo? Word leaked out Wednesday that Rupert Murdoch’s News Corp. (owner of this site–Ed.) is looking at taking a stake of 20% or more in Yahoo in exchange for MySpace, some cash and other online properties. An infusion from News Corp., the reasoning goes, could boost Yahoo’s stock price high enough to outstrip Microsoft’s hostile takeover attempt. This is probably as close as Yahoo will get to a white-knight scenario where someone saves the company from the clutches of Microsoft. But a News Corp. deal probably won’t happen. Why?

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Tagged with: Big Tech, Jon Fortt, Microsoft, News Corp., Rupert Murdoch, Yahoo

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