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Report: Microsoft talking investment in News Corp
- — 31 October, 2000 10:19
If the companies end up shaking hands on the deal, Microsoft's investment would represent about 3.5 per cent of Global Networks, the company News Corp created earlier this year to consolidate all of its global satellite TV assets and investments, the Wall Street Journal said.
Microsoft and News Corp have collaborated in the past. Last March, Microsoft and News Corp company NDS Group formed an alliance to develop software supporting digital television, hoping to accelerate adoption of digital TV by luring viewers with more features.
Under that agreement, Microsoft licensed NDS software to create a new product in the Microsoft TV software family offered to cable, satellite and other types of network operators. According to the Wall Street Journal report, News Corp, which has already rescheduled its plans to take Global Networks public in the fourth quarter, previously held talks with various potential investors in the company, including Yahoo, France's Vivendi and cellular-phone giant Nokia.