Yahoo â€“ News Corp alliance in the works
After rejecting Microsoftâ€™s â€œundervaluedâ€ proposal, Yahoo is like a damsel in distress desperately hoping for its prince charming named News Corp. to rescue her from a looming hostile takeover.
According to a news article, the ever mysterious â€œperson familiar with the situationâ€ has confirmed that confidential details of this partnership are still in the works.
Then again, this might just be a contrived effort to force Microsoft to up the ante. As of today, the insensitive software giant stands by its â€œfull and fairâ€ bid. Or perhaps Yahoo is asking for a ridiculous bid simply because it doesnâ€™t to sell to Microsoft. Take your pick.
Though News Corpâ€™s Rupert Murdoch once mentioned that they are not interested in acquiring Yahoo, he remains open about a possible collaboration between this company and his social network site MySpace.com.