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Murdoch Says News Corp. Won't Fight Microsoft for Yahoo

Posted by Susan Hall Mar 11, 2008 8:53:46 AM

Though he's said so before, News Corp. CEO Rupert Murdoch made clear the company will not make a bid for Yahoo, which is seeking alternatives to a buyout by Microsoft, reports The San Francisco Chronicle. Those alternatives seem to be dwindling.

 

At a Florida investment conference, Murdoch is quoted as saying:

We're not going to get into a fight with Microsoft. They've got a lot more money than us.

Though analysts have downplayed the possibility of such a bid, speculation suggested News Corp. might fold MySpace and other properties into Yahoo in exchange for a stake in the company.

 

Seattle Post-Intelligencer blogger Todd Bishop provides Murdoch's full quote on the subject.

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