Rupert Murdoch, Tom Glocer support Microsoft-Yahoo merger

May 29, 2008

Two media titans, Rupert Murdoch and Tom Glocer, the head of Thompson Reuters, said they support a partnership between computer giant Microsoft and Internet giant Yahoo, after a deal between the two companies fell apart in April.

"I think they need each other," Glocer said at a digital media conference organized here by The Wall Street Journal. "I think it makes a lot of sense. One way or another, I'd be surprised if there wasn't some way to make that happen."

For his part, Murdoch said he could not understand why the deal fell through, but noted that Yahoo founder Jerry Yang is "emotional about his company."

"Microsoft came up with a price, which the vast majority of the shareholders said 'give me quick,' he managed to hold them off. And Microsoft, who is not used to buying big things, they backed off," he said.

"They will try to find some other way to do things, buy search," Rupert added.

Murdoch also said he would not be surprised by a deal between Yahoo and search giant Google, "but there is a huge regulatory risk for everybody."

Microsoft says it broke off takeover talks in late April after it upped its February 1 bid of 44.6 billion dollars by three billion dollars and Yahoo's board still wanted more.

(c)2008 AFP

Explore further: China's Xiaomi raises more than $1 bn in funding

add to favorites email to friend print save as pdf

Related Stories

Yahoo turns to former nemesis to be its CEO savior

Jul 17, 2012

(AP) — As a top executive at Google for the past 13 years, Marissa Mayer played an instrumental role in developing many of the services that have tormented Yahoo as its appeal waned among Web surfers, ...

Apple chief vows innovation in TV and more

May 30, 2012

Apple chief Tim Cook on Tuesday vowed that creativity would remain in the company's "DNA" and hinted that products on the horizon could come in the area of television.

Yahoo soap opera features new cast of leaders

May 15, 2012

(AP) -- Yahoo's dysfunctional turnaround efforts have morphed into a Silicon Valley soap opera, one that has taken another strange twist with the Internet company's ousting of CEO Scott Thompson just four ...

Jobs had Google phones in crosshairs: biographer

Oct 22, 2011

Insights into Apple co-founder Steve Jobs's vendetta against Google and his criticisms of fellow high-tech titans spread quickly online ahead of the Monday release of his authorized biography.

Recommended for you

China's Xiaomi raises more than $1 bn in funding

1 hour ago

China's top smartphone seller Xiaomi Corp. is raising more than $1 billion in a fresh round of funding, a move which would raise its valuation above $45 billion, a report said Sunday.

Why the Sony hack isn't big news in Japan

23 hours ago

Japan's biggest newspaper, Yomiuri Shimbun, featured a story about Sony Corp. on its website Friday. It wasn't about hacking. It was about the company's struggling tablet business.

Sony faces 4th ex-employee lawsuit over hack

Dec 20, 2014

A former director of technology for Sony Pictures Entertainment has sued the company over the data breach that resulted in the online posting of his private financial and personal information.

Sony tells AFP it still plans movie release

Dec 20, 2014

Sony Pictures boss Michael Lynton denied Friday the Hollywood studio has "caved" by canceling the release of "The Interview," and said it still hoped to release the controversial film.

2012 movie massacre hung over 'Interview' decision

Dec 19, 2014

When a group claiming credit for the hacking of Sony Pictures Entertainment threated violence against theaters showing "The Interview" earlier this week, the fate of the movie's big-screen life was all but ...

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

superhuman
not rated yet Jun 03, 2008
Maybe Yang knows that the majority of employees who build the company on open source technology don't want to work for micro$oft the most hated company (and for good reasons) in Open Source community. For many people ideals ARE important. I know I would never work for those a$$holes. Money aren't THAT important, ideals, ambitions and self-respect are worth alot more imho.

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.