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: Birch Communications buying Cbeyond for $323M

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

TCS, Mitsubishi to create new Japan IT services firm

2 hours ago

India's biggest outsourcing firm Tata Consultancy Services (TCS) and Japan's Mitsubishi Corp said Monday they are teaming up to create a Japanese software services provider with annual revenues of $600 million.

Chinese tech giant Alibaba set to make a splash with US IPO

18 hours ago

The largest tech IPO of the year will come from a company that many Americans have never heard of. Alibaba Group - a Chinese e-commerce behemoth - has decided to go public in the U.S. after months of speculation that it would ...

Ex-Apple chief plans mobile phone for India

Apr 19, 2014

Former Apple chief executive John Sculley, whose marketing skills helped bring the personal computer to desktops worldwide, says he plans to launch a mobile phone in India to exploit its still largely untapped ...

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.

More news stories

Students take clot-buster for a spin

(Phys.org) —In the hands of some Rice University senior engineering students, a fishing rod is more than what it seems. For them, it's a way to help destroy blood clots that threaten lives.

Finnish inventor rethinks design of the axe

(Phys.org) —Finnish inventor Heikki Kärnä is the man behind the Vipukirves Leveraxe, which is a precision tool for splitting firewood. He designed the tool to make the job easier and more efficient, with ...

First steps towards "Experimental Literature 2.0"

As part of a student's thesis, the Laboratory of Digital Humanities at EPFL has developed an application that aims at rearranging literary works by changing their chapter order. "The human simulation" a saga ...