News Corp Also Trying To Mount Yahoo Bid


TechCrunch reports that News Corp is also frantically trying to put together a competing bid for Yahoo, with the help of private equity firms*. This makes sense, given News Corp's previous interest in trading MySpace for a big Yahoo equity stake.

With only a $60 billion market cap, News Corp has the same problem that other traditional media companies do: It can't afford to do the whole deal. It could certainly provide some funding, relationships, and expertise in exchange for some equity, however. So far, TechCrunch says, there are no takers.

Before You Go

Popular in the Community