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Yahoo is wooing News Corp. in the hopes that Rupert Murdoch’s media empire can save it from a hostile takeover by Microsoft, or at least convince Microsoft to sweeten its bid.
While Murdoch said during a conference call last week that he wasn’t interested in an outright acquisition of Yahoo, he is reportedly interested in folding his MySpace.com and other internet assets into Yahoo, according to the AP.
News Corp. and a private equity firm would then buy a 20 percent stake in Yahoo, in a deal that would increase the company’s market value, the Wall Street Journal reports.
Microsoft offered $44.6 billion, or $31 per share. Yahoo is said to want at least $40 per share.
Several analysts say a deal between News Corp. and Yahoo does not make sense, and some believe it is simply a bid by Yahoo to pressure Microsoft into raising its offering price, writes MarketWatch.
Yahoo’s negotiations with Google and News Corp. could, rather than increasing Microsoft’s bid, actually run the risk of derailing the deal, Youssef Squali of Jeffries & Company believes. He points out that Yahoo is playing a dangerous game, and that a “no deal” scenario would send the stock quickly back to below $20.
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The SRA has been working with Arbitron in…
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Fox…
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Conducted for…
To encourage shoppers to buy more back-to-school items, retailers often implement “loss leader” strategies: that is, selling items at a loss or even giving them away in hopes that the reductions will attract shoppers who will then buy other, more…
