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News Corp Bidding for Yahoo?

Search-Engines-Web.com [PersonRank 10]

Saturday, February 2, 2008
12 years ago2,313 views

alleyinsider.com/2008/02/hold- ...

...TWO firms were circling, both big New York-based shops). Without Microsoft in the picture, a private-equity bid for Yahoo would have been a non-starter. Now, however, private equity suddenly looks like a white knight!

techcrunch.com/2008/02/02/news ...

News Corp. and Yahoo have been mulling over a merger (of Yahoo and MySpace) since the middle of last year. But the deal back then had News Corp. selling off MySpace in exchange for 25% of Yahoo’s stock. Now the roles have been reversed. Today, News Corp. was supposedly making calls to put together a syndicate and make a counter offer to what Microsoft put on the table. No takers so far, we hear.

DPic [PersonRank 10]

12 years ago #

Haha newscorp is EVIL. If that goes through, say goodbye to yahoo as we know it

Search-Engines-Web.com [PersonRank 10]

12 years ago #

techcrunch.com/2008/02/12/yaho ...

alleyinsider.com/2008/2/yahoo_ ...

Yesterday Silicon Alley Insider reported that talks between the two were continuing. We’ve confirmed the rumor – Yahoo and News Corp. are in the middle of marathon discussions, and have more details.

According to our source, the deal structure would spin off Fox Interactive Media (the primary asset is MySpace, but IGN, Scout Media, Photobucket, Fox Sports, AmericanIdol.com, Flektor, Ksolo; plus investments in Hulu, Simply Hired and Snocap are also assets of FIM) into Yahoo, along with a big cash injection from News Corp. and an unnamed private equity fund. The total investment would be valued at around $15 billion.

Yahoo would be valued at somewhere around $50 billion before the transaction

Juha-Matti Laurio [PersonRank 10]

12 years ago #

[moved from new thread "News Corp joins Yahoo battle". -Philipp]

From Financial Times article:

"Rupert Murdoch’s News Corp has jumped into the fight for control of Yahoo, reviving discussions with the internet company about a possible combination that would thwart Microsoft and its $40.69bn takeover offer.

News Corp has been in talks about merging its MySpace social network and other online sites with Yahoo in exchange for a substantial stake in the web portal, according to a person familiar with the matter."

The story continues giving the details:
"....in making an investment in Yahoo that would give them a shareholding of more than 20 per cent."

Link:
ft.com/cms/s/61d18a52-da91-11d ...

Ben Allen [PersonRank 10]

12 years ago #

MySpahoo.

Ridiculous.

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