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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.
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Computerworld Live Podcast #97: The Future of Enterprise Networking 25/07/2008 09:45:36
This week CW Live chats with Mark Thompson, global sales and marketing manager for HP ProCurve, on the future of the enterprise networking. Mark discusses the trends we can expect to see in the near future and how the right infrastructure can ensure your enterprise network is secure. - +
Computerworld Live Podcast #96: Security at the Edge 11/06/2008 09:22:22
CW Live speaks with Amol Mitra, HP ProCurve Director of Marketing for Asia Pacific and Japan. Today's topic: how enterprises are starting to shift away from simply controlling security via server logins, firewalls and moving to more adaptive security frameworks. - +
Data Management Edition #10: Multi-Petascale Systems 02/05/2008 09:12:33
This week we look at sustainability and the development of multicore technologies to build multi-petascale systems. - +
IT Security Edition #11: How to poison the Storm botnet 01/05/2008 08:51:55
This week CW Live presents a case study on how to poison the notorious Storm botnet . Plus we take a look at Cisco's plans for Ironport. - +
IT Security Edition #10: Cyber-battles fought and won 24/04/2008 11:09:47
Vendors bow to end user pressure to improve product security, and we take a look at the latest concepts shaping the cyber-battlefield of the future.
VeCommerce Launches Top Ten List of Personal Security Breaches In Lead Up to National ID Fraud Awareness Week 2008-10-07 15:10:00+10
Multimedia Technology signs exclusive National distribution agreement with Freecom 2008-10-07 14:30:00+10
Open Text: Upheaval in the Financial Markets Sharpens the Focus on Information Governance and Enterprise 2008-10-07 13:19:00+10
Symantec State of Spam Report - October 2008 2008-10-07 11:58:00+10
AIIA to Reward Sustainability and Green IT Champions at the 2009 iAwards 2008-10-07 11:56:00+10
Strategies for Eliminating .PST Files
Join industry expert Martin Tuip to discover best practice strategy for the archival and removal of .PST files using email archiving. Learn how to ensure long-term email records are there when needed, and reduce the risk to your business and clients.
