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Failed Microhoo Deal Baffling to Murdoch

Media mogul blames Microsoft's lack of 'big deal' experience

By Jim O'Neill,  Newser User

Posted May 29, 2008 10:49 AM CDT

(Newser) – Microsoft’s lack of experience in “buying big things” is a major reason the company didn’t seal its buyout of Yahoo, media mogul Rupert Murdoch tells CNET, who adds he was “mystified” at the lack of a deal. An alliance between Yahoo and Google—"just gushing money"—still seems possible, the News Corp. CEO said, barring a regulatory kibosh.

Market leader Google, Murdoch gushed yesterday at an industry conference, has the "best search engine by far. They are just going on, getting bigger and bigger. … You can see why Microsoft is worried."

Microsoft CEO Steve Ballmer.
Microsoft CEO Steve Ballmer.   (AP Photo/Paul Sakuma)
Rupert Murdoch, Chairman and Chief Executive Officer News Corporation, USA.
Rupert Murdoch, Chairman and Chief Executive Officer News Corporation, USA.   (AP Photo/Keystone, Peter Klaunzer)
Yahoo CEO Jerry Yang.
Yahoo CEO Jerry Yang.   (AP Photo/Paul Sakuma)
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