The Wall Street Journal is reporting that Rupert Murdoch’s News Corp. may make a bid for Yahoo designed to fend of Microsoft’s takeover plan:
News Corp. and Yahoo Inc. are in discussions about combining MySpace and other News Corp.-owned online properties with Yahoo, according to people familiar with the matter.
The discussions are aimed at helping Yahoo fend off Microsoft Corp’s unsolicited takeover offer, which was initially valued at $44.6 billion. Under the deal being discussed, News Corp. would get a stake in Yahoo which could be more than 20%.
That would be a fight I’d pay to see.
