Saudi Arabia welcomes trilateral border treaty between Tajikistan, Kyrgyzstan, and Uzbekistan    Trump prepares to unveil sweeping new US tariffs on 'Liberation Day'    At least 22 civilians killed in Israeli strike on UNRWA clinic in Gaza    UK says it won't jump into US trade war as Starmer urges calm response to tariffs    Russia, Ukraine trade fresh accusations of violating US-brokered energy ceasefire deal    Swedish table tennis legend Jörgen Persson appointed head coach of Saudi national team    Danilo Pereira fires Al Ittihad into King's Cup final with dramatic stoppage-time double    Over 1 million pilgrims benefit from golf cart service at Grand Mosque during Ramadan    Visitors welcomed with Eid initiative at Thee Ain Heritage Village in Al-Baha    Tebuk emir reviews rain response in Tayma    Saudi Arabia considers rent cap as part of major real estate reforms    Messi's bodyguard banned from touchline at Inter Miami games    Screen time in bed linked to insomnia, study finds    Haramain High-Speed Railway transports over 1.2 million passengers during Ramadan    Saudi Transport Authority says passengers can ride for free if taxi meters are off    Ministry of Education forms 425 community partnerships with SR653 million impact    Mexico bans junk food in schools to fight childhood obesity epidemic    Sweet sales surge ahead of Eid as Saudi chocolate imports top 123 million kg in 2024    Saudi creatives shine at Jeddah's Fawanees Nights with art, fashion, and storytelling    T1 CEO confirms Gumayusi's return for LCK Spring after lineup shakeup    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Yahoo in talks with AOL as Microsoft and News Corp flirt
Published in Saudi Press Agency on 10 - 04 - 2008


Yahoo and AOL could merge in a surprise move
to fend off Microsoft's bid for Yahoo, the Wall Street Journal
reported Thursday, according to dpa.
However the strategy could be thwarted by Microsoft, which is
holding talks with Rupert Murdoch's News Corp to form a joint bid for
the internet site, according to the New York Times. Such a deal would
create a new internet giant by combining Yahoo with Microsoft's MSN
and News Corp's MySpace.
The reports said Yahoo and AOL are "closing in on a deal" in
which Yahoo would receive a cash investment from Time Warner in
exchange for a 20-per-cent stake in the combined Yahoo-AOL business.
The deal, which would exclude AOL's fading dial-up internet access
business, would value AOL at about 10 billion dollars.
Yahoo has so far stridently rejected Microsoft's takeover bid,
which values the company at between 41 billion dollars and 45 billion
dollars.
The developments followed reports that Yahoo plans to outsource
some of its search advertising to Google in a bid to raise revenues.
The test programme is designed to allow the two sides to evaluate the
revenue potential of a broader search ad outsourcing arrangement.
While a broad alliance between the two search giants would likely
fail to pass antitrust regulations, a more limited partnership would
boost Yahoo revenues by allowing it to tap in to Google's more
profitable search advertising system.
The new approaches also followed criticism of Microsoft by
Yahoo's largest shareholder. Microsoft last week threatened to wage a
proxy campaign and lower its offer for the internet giant. But Bill
Miller, a portfolio manager at Legg Mason Inc, said Microsoft should
have raised its bid rather than threatening to lower it if Yahoo did
not accept the offer within three weeks.
"Telling shareholders you're going to take something away from
them is not a way to get their support," he told the Journal. Miller
also said he did not think Yahoo shareholders would support a
Microsoft-led proxy campaign to replace the current Yahoo board.
Microsoft offered some 46 billion dollars in a cash and stock
deal for Yahoo in late February. Yahoo rejected the deal as
undervaluing the company, and a subsequent drop in Microsoft's share
price means the offer is now worth some 41 billion dollars.


Clic here to read the story from its source.