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Murdoch Says Microsoft Won

Will walk away

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News Corp. Chairman Rupert Murdoch said it was "very unlikely" his company would reach any type of deal with Yahoo and said Yahoo and Microsoft will not be involved in any type of transaction.

On the Microsoft/Yahoo deal Murdoch said," There won’t be a deal. There’s bad personal feelings."

Microsoft was in negotiations earlier this year to buy Yahoo for $47.5 billion but talks broke down in May after the two companies failed to reach an agreement.

"In six months, (Microsoft) will walk away," Murdoch, said at the annual Allen & Co media and technology event, Reuters reported.

After Microsoft tried to take over Yahoo, News Corp was in talks with Yahoo to combine its MySpace social network with Yahoo and also discussed a deal with Microsoft to take over Yahoo.

Murdoch said Capital Research, a major investor of Yahoo and its portfolio manager Gordon Crawford, publicly criticized Yahoo for not being able to reach a deal with Microsoft and that Crawford would have been happy with a $33 per share buyout.

"He’s pissed he didn’t get $33," Murdoch said, referring to Crawford.

Yahoo CEO Jerry Yang echoed what Murdoch said about a possible Microsoft/Yahoo deal telling Boomtown that allowing Carl Icahn to manage a deal would be bad for shareholders.

 

Murdoch Says Microsoft Won


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  • http://crackzsl.blogspot.com/ crackzsl

    Yes it is a never ending deal.

    both of the companies in  dillemma over the deal

    http://crackzsl.blogspot.com/

     

    • http://blog.firewiremedia.net FireWireMedia

      I dont think it would be a good thing anyway. Google has such a hold on the web now that buying yahoo would just make it a monopoly.

Murdoch Says Microsoft Won

Will walk away

Get the WebProNews Newsletter:


[ Search]

News Corp. Chairman Rupert Murdoch said it was "very unlikely" his company would reach any type of deal with Yahoo and said Yahoo and Microsoft will not be involved in any type of transaction.

On the Microsoft/Yahoo deal Murdoch said," There won’t be a deal. There’s bad personal feelings."

Microsoft was in negotiations earlier this year to buy Yahoo for $47.5 billion but talks broke down in May after the two companies failed to reach an agreement.

"In six months, (Microsoft) will walk away," Murdoch, said at the annual Allen & Co media and technology event, Reuters reported.

After Microsoft tried to take over Yahoo, News Corp was in talks with Yahoo to combine its MySpace social network with Yahoo and also discussed a deal with Microsoft to take over Yahoo.

Murdoch said Capital Research, a major investor of Yahoo and its portfolio manager Gordon Crawford, publicly criticized Yahoo for not being able to reach a deal with Microsoft and that Crawford would have been happy with a $33 per share buyout.

"He’s pissed he didn’t get $33," Murdoch said, referring to Crawford.

Yahoo CEO Jerry Yang echoed what Murdoch said about a possible Microsoft/Yahoo deal telling Boomtown that allowing Carl Icahn to manage a deal would be bad for shareholders.

 

Murdoch Says Microsoft Won
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Murdoch Says Microsoft Won

Will walk away

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[ Search]

News Corp. Chairman Rupert Murdoch said it was "very unlikely" his company would reach any type of deal with Yahoo and said Yahoo and Microsoft will not be involved in any type of transaction.

On the Microsoft/Yahoo deal Murdoch said," There won’t be a deal. There’s bad personal feelings."

Microsoft was in negotiations earlier this year to buy Yahoo for $47.5 billion but talks broke down in May after the two companies failed to reach an agreement.

"In six months, (Microsoft) will walk away," Murdoch, said at the annual Allen & Co media and technology event, Reuters reported.

After Microsoft tried to take over Yahoo, News Corp was in talks with Yahoo to combine its MySpace social network with Yahoo and also discussed a deal with Microsoft to take over Yahoo.

Murdoch said Capital Research, a major investor of Yahoo and its portfolio manager Gordon Crawford, publicly criticized Yahoo for not being able to reach a deal with Microsoft and that Crawford would have been happy with a $33 per share buyout.

"He’s pissed he didn’t get $33," Murdoch said, referring to Crawford.

Yahoo CEO Jerry Yang echoed what Murdoch said about a possible Microsoft/Yahoo deal telling Boomtown that allowing Carl Icahn to manage a deal would be bad for shareholders.

 

Murdoch Says Microsoft Won
Comments Off


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Murdoch Says Microsoft Won

Will walk away

Get the WebProNews Newsletter:


[ Search]

News Corp. Chairman Rupert Murdoch said it was "very unlikely" his company would reach any type of deal with Yahoo and said Yahoo and Microsoft will not be involved in any type of transaction.

On the Microsoft/Yahoo deal Murdoch said," There won’t be a deal. There’s bad personal feelings."

Microsoft was in negotiations earlier this year to buy Yahoo for $47.5 billion but talks broke down in May after the two companies failed to reach an agreement.

"In six months, (Microsoft) will walk away," Murdoch, said at the annual Allen & Co media and technology event, Reuters reported.

After Microsoft tried to take over Yahoo, News Corp was in talks with Yahoo to combine its MySpace social network with Yahoo and also discussed a deal with Microsoft to take over Yahoo.

Murdoch said Capital Research, a major investor of Yahoo and its portfolio manager Gordon Crawford, publicly criticized Yahoo for not being able to reach a deal with Microsoft and that Crawford would have been happy with a $33 per share buyout.

"He’s pissed he didn’t get $33," Murdoch said, referring to Crawford.

Yahoo CEO Jerry Yang echoed what Murdoch said about a possible Microsoft/Yahoo deal telling Boomtown that allowing Carl Icahn to manage a deal would be bad for shareholders.

 

Murdoch Says Microsoft Won
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