Rupert Murdoch, Tom Glocer support Microsoft-Yahoo merger

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

Rupert Murdoch wants Facebook to pay for news

Citation: Rupert Murdoch, Tom Glocer support Microsoft-Yahoo merger (2008, May 29) retrieved 21 February 2020 from https://phys.org/news/2008-05-rupert-murdoch-tom-glocer-microsoft-yahoo.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
0 shares

Feedback to editors

User comments