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October 13, 2008 3:49:23 PM CDT

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No Yahoo! for News Corp., Says Murdoch

Posted Feb 5, 08 5:05 AM CST in Business,  Technology 

(Newser) – News Corp. CEO Rupert Murdoch won't be following Microsoft's lead to place a bid for  ailing Internet giant Yahoo, CNNMoney reports. Murdoch also dispelled rumors today that his company was interested in purchasing AOL, or in making any other major acquisitions. His remarks follow on the heels of Microsoft's unsolicited $45 billion bid to buy the tail-dragging Google-competitor.

News Corp. isn't shying away from the web, though, and is busily expanding its chief online organ, MySpace, with a do-it-yourself advertising system on the horizon. The company is also developing new online features for the recently acquired Wall Street Journal, including content-sharing with Fox News. News Corp. reported a 27 cents per share increase during the second quarter.

Source CNN

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This combination of two photos shows Microsoft founder Bill Gates, left, and Yahoo CEO Jerry Yang. Microsoft Corp. on Friday, Feb. 1, 2008 pounced on slumping Internet icon Yahoo Inc. with an unsolicited...   (Associated Press)
News Corp. Chairman Rupert Murdoch smiles during a talk at the Web 2.0 conference in San Francisco in this Oct. 17, 2007 file photo. (AP Photo/Tony Avelar, file)   (Associated Press)
News Corp's headquarters is shown on July 31, 2007 in New York. News Corp., the global media company run by Rupert Murdoch, said Monday, Jan. 7, 2008, it bought a nearly 15-percent stake in Premiere AG,...   (Associated Press)
Graphic compares unique Internet traffic to Google, Microsoft and Yahoo since 2002; 1c x 3 5/8 inches; 46.5 mm x 92.1 mm   (Associated Press)
The Yahoo Center office building is seen in Santa Monica, Calif. Friday, Feb. 2, 2008. The Justice Department on Friday said it is "interested" in reviewing antitrust issues associated with Microsoft...   (Associated Press)
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Google  • Microsoft  • Yahoo  • Rupert Murdoch  • MySpace  • News Corp  • Fox News


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