Rupert Murdoch has told investors at a US conference that News Corp is too small to fight Microsoft for Yahoo.
News Corp. does not plan on fighting Microsoft over Yahoo, Rupert Murdoch told investors at the annual Bear Stearns media conference, dashing hopes the media giant could be Yahoo's knight in shining armor.
"We're not going to get into a fight with Microsoft, which has a lot more money than us," Reuters reported.
Yahoo has snubbed Microsoft's unsolicited US$41.4 billion takeover bid as undervalued. To thwart Microsoft, Yahoo had been talking to News Corp about possibly combining MySpace.com and Yahoo, according to reports.
Yahoo also has reportedly been talking to Time Warner about combining with its AOL division, but so far, nothing of substance seems to have emerged from that either.
Microsoft could go hostile with its bid and try to install its own candidates on Yahoo's board. Yahoo delayed the deadline for Microsoft to offer up its slate in order to buy more time. But it appears that the would-be suitors aren't interested enough.
