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Is Rupert Murdoch Yahoo!'s White Knight?
The media is all atwitter at the news that Yahoo! is now seeking a rabbit hole in Rupert Murdoch's patch rather than get bought by Microsoft - at least not for the ungodly sum of $44.6 billion currently on the table. What started on the Silicon Alley Insider and TechCrunch blogs has now been picked up by leak central, er, the Wall Street Journal, which, since it's now owned by News Corp, is fortuitously positioned. Anyway, Yahoo! and News Corp. are supposedly talking about a joint venture that would see Rupert fold MySpace and some other News Corp. Internet properties into Yahoo - as well as infuse cash - in exchange for a better-than-20% stake in Yahoo, an idea that's at least as old as last year.
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