Yahoo in talks with News Corp.

14 Feb

The plot thickens…

Microsoft has a new competitor for Yahoo’s affections: Rupert Murdoch.

The Netco is talking to News Corp. about a potential deal that would merge Yahoo with News Corp.’s Web assets like MySpace and IGN, according to a person familiar with the situation. In return, News Corp. and a private equity firm — reported to be Providence Capital — would buy a significant stake in Yahoo.

A News Corp. spokesman declined to comment.

Chris DeWolfe and Rupert Murdoch at the Web 2.0 Summit in San Francisco Yahoo! Japan billboard

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