Will News Corp ride to the rescue of Yahoo?

 

News Corporation (NYSE: NWS) is in talks with Yahoo! Inc. (NASDAQ: YHOO) in a deal that would combine the company's MySpace site and other Internet sites with the pioneering Internet portal, according to The Wall Street Journal [subscription required].
Under the terms of the deal, News Corp. would get a more than 20% stake in Sunnyvale, Calif.-based company. No doubt that Rupert Murdoch, New Corp's CEO, would want to buy all of Yahoo at some point, probably after it's completed the integration of Dow Jones, publisher of the Journal.
For now, the ball is in the court of Microsoft Corporation (NASDAQ: MSFT), whose $44.6 billion unsolicited bid for Yahoo was rejected as being being too low. Unless News Corp is prepared to buy the whole thing, Yahoo will have little choice but to agree to Microsoft's buyout. Murdoch, though, may have a few tricks up his sleeve.
"News Corp. has been reaching out to private equity firms since the day Microsoft's bid was first announced, according to one person familiar with the matter," the paper said. "The company had been originally reluctant to press forward with a deal until waiting for a sign from the Yahoo board that they were interested, according to another person."

Tags: interent media, InterentMedia, Internet advertising, InternetAdvertising, inthenews, msft, MySpace, nws, Rupert Murdoch, RupertMurdoch, yhoo

Google reportedly offering online storage - Tech Talk with Dean Takahashi -

Google reportedly offering online storage - Tech Talk with Dean Takahashi -: "Google reportedly offering online storage By Dean Takahashi Tuesday, November 27th, 2007 at 7:55 am in General, Google, storage. Looks like Box.net and others like it are going to have a very big competitor. According to a report in the Wall Street Journal today, Google is working on providing online storage to users. Here’s the top of that story: Google Inc. wants to offer consumers a new way to store their files on its hard drives, in a strategy that could accelerate a shift to Web-based computing and intensify the Internet company’s competition with Microsoft Corp. Google is preparing a service that would let users store on its computers essentially all of the files they might keep on their personal-computer hard drives — such as word-processing documents, digital music, video clips and images, say people familiar with the matter. The service could let users access their files via the Internet from different computers and mobile devices when they sign on with a password, and share them online with friends. It could be released as early as a few months from now, one of the people said. The Mountain View, Calif., company plans to provide some free storage, with additional storage allotments available for a fee, say the people"