Spanner in the works!?

NEWS CORP IN SECRET TALKS WITH YAHOO!

Woke up this morning to a news report saying that News Corporation were holding secret talks with Yahoo!

This is only a day later than the report saying that Rupert Murdoch was playing down reports that he was even interested in going after Yahoo! The BBC News Report states that Yahoo! would hand over 20% of it’s shares to News Corp under the deal.

Microsoft had initially offered in an alleged deal $40bn (£20.5bn) to buy Yahoo! The major shareholder for Yahoo! said that Microsoft’s estimation on a share price for Yahoo was below par and should raise it up to $40 a share.

So the race is hotting up to buy out Yahoo! Should be an interesting few days.

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Gavin

Lead Interaction Designer at DigitalDWP. Organiser of Industry, The Practical Web Conference..