News Corp. not in talks with Yahoo, Microsoft, AOL

But media empire says it would respond accordingly to any propositions

News Corp. has no plans to jump in and rescue Yahoo now that Microsoft has walked away from its US$47.5 billion takeover bid of the Internet company, News Corp.'s COO said during a mid-week earnings conference call.

In the days leading up to Microsoft's bid withdrawal, reports surfaced indicating that Yahoo was in talks with Time Warner to combine its Internet operations with AOL in an effort to thwart Microsoft's bid. At the same time, News Corp., owned by Rupert Murdoch, was said to be in talks with Microsoft to jointly bid for Yahoo.

However, when asked this week if News Corp. was in talks with Yahoo or AOL, COO Peter Chernin said he had not had talks with the two companies for a couple weeks.

"To say talks have cooled overstates them," he said. "We have regular conversations with everyone in the space. I'm not sure I would ever characterize them as talks. We will always look at strategic options, but we feel very comfortable with our current positioning."

Chernin added that News Corp. has not had talks with Microsoft, either. However, he said News Corp. would respond accordingly to any propositions that it thought did, or didn't, make sense for the company.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Linda Rosencrance

Computerworld
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Cathy Giles

Brother MFC-L8900CDW

The Brother MFC-L8900CDW is an absolute stand out. I struggle to fault it.

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?