Yahoo exploring alliance with News Corp.

[Bluebear]

Yahoo Inc. is discussing a possible partnership with News Corp. in its latest effort to repel Microsoft Corp. or prod its unsolicited suitor into raising its current takeover bid, according to a person familiar with the talks.

The specifics of the joint venture still hadn't been worked out, said the person who didn't want to be identified because of the sensitivity of the matter.

Both The Wall Street Journal and a prominent blog, TechCrunch, reported that News Corp. is interested in folding its popular online social network, MySpace.com, and other Internet assets into Yahoo — an idea that first came up last year. News Corp. owns The Wall Street Journal.

News Corp. and a private equity firm also would buy significant stakes in Yahoo in a complex deal designed to boost the Sunnyvale-based company's market value above Microsoft's initial bid of $44.6 billion, or $31 per share.

A Yahoo spokesman said the company continues to "carefully and thoroughly" evaluate alternatives that will enrich its long-term shareholders.

News Corp. spokeswoman Teri Everett declined to comment.

http://news.yahoo.com/s/ap/microsoft_yahoo

[tridim]

1. Does Yahoo have a deathwish or something?

I'm guessing they'll shop it to the Carlysle Group next.

[Bluebear]

2. Exactly

[FuzzyDicePHL]

3. If this happens

then it will surely be time to close my Flickr account.

[nels25]

4. Seen this movie before

the Chandler family wants more money and presto chango the Tribune company gets put into play, and winds up being owned by Sam Zell.

Zell loves money so much he would have physical sex with it if he could (or at least that is the impression I am left with from my reading up on this schmuck).

He almost fits the term robber baron.

God am I glad he is going to sell the Cubs.

Can't happen soon enough to suit me (the selling of the Cubs that is).

Nothing good will happen about this IMHO.

:-(

[AlCzervik]

5. this will be fun to watch and no one wins.