Source Pravda.Ru

News Corp. prefers Google Inc. as partner

News Corp. chairman and CEO Rupert Murdoch said he will not battle Microsoft Corp. to act as a white knight for Yahoo Inc.

“We're not going to get into a fight with Microsoft, which has a lot more money than us,” said Murdoch at a conference. “'We're very happy to be in the Google camp,” he added later.

MySpace joined a software partnership in 2006 with Google Inc., the top search engine.

MySpace is a social networking website offering an interactive, user-submitted network of friends, personal profiles, blogs, groups, photos, music and videos for teenagers and adults internationally. Its headquarters are in Beverly Hills, California, USA, where it shares an office building with its immediate owner, Fox Interactive Media; which is owned by News Corporation, which has its headquarters in New York City.

Yahoo rejected a $44.6 billion takeover bid from Microsoft a month ago. New York-based News Corp. and Yahoo held talks about a combination to block the bid, a person familiar with the exchange said last month.

“He's been clear he doesn't want to buy Yahoo outright,'' said Marianne Wolk, an analyst at Susquehanna Financial Group in New York, who rates Yahoo shares “neutral'' and doesn't own any. “There's still a door open in terms of other potential types of deals.''

News Corp. Class A shares, down 21 percent in the past year, fell 29 cents, or 1.6 percent, to $17.87 at 4 p.m. in New York Stock Exchange composite trading. Yahoo, based in Sunnyvale, California, fell 52 cents to $28.51 in Nasdaq Stock Market trading. Microsoft rose 18 cents to $28.05.

Microsoft said Feb. 11 it may pursue “all necessary steps'' to win over Yahoo shareholders, and a person with knowledge of the matter said last month that Redmond, Washington-based Microsoft may seek to oust Yahoo's directors.

Yahoo said last week it wants more time to explore options “without the distraction of a proxy contest.'' The nominating deadline, which had been March 14, will now be 10 days after Yahoo announces the date for its annual meeting, the company said. Yahoo also is in talks about a deal with Time Warner Inc.'s AOL unit, a person familiar with those discussions said.

Microsoft, trying to narrow Google Inc.'s lead in online advertising and Internet searches, disclosed the offer for Yahoo on Feb. 1. Yahoo's board has deliberated for the past month on how to counter Microsoft's bid, which it says "substantially undervalues'' the company.

Murdoch, who said he's become more pessimistic about the economy in the past month, said News Corp. is in “very good shape'' to face a weaker economy, as it reduced its dependence on advertising to 23 percent from 41 percent of revenue.

Russian Foreign Minister Sergei Lavrov said at a briefing in Beijing that the question about the shipment of S-300 anti-aircraft missile systems to Syria had not been resolved yet. However, Syrian Ambassador to Russia Riyad Haddad said that S-300 missile systems had been delivered to Syria last month

Israel can learn many lessons with the help of Russia's S-300 air defence systems in Syria

Representatives of the Israeli Defence Ministry responded to recent reports about the possible delivery of S-300 SAM systems from Russia to Syria. Israeli Defence Minister Avigdor Lieberman said that Israel would destroy those systems

Israel vows to destroy Russia's S-300 in Syria in case of danger
Comments
Israel vows to destroy Russia's S-300 in Syria in case of danger
Ukraine loses nearly 4,000 military men killing fellow Ukrainians in Donbass
World War Three is near? The West wants to bypass Russia's veto at UN Security Council
Putin: Russia's young scientists build world's most powerful arms system in 7 years
Russia and China warn against 'chaos and war' on Korean Peninsula
Large lake of boiling water found on Mars
Chernobyl could have killed 40,000 people
Silk Road To Germany: New Molotov-Ribbentrop-Mao Pact
Putin: Russia's young scientists build world's most powerful arms system in 7 years
Israel vows to destroy Russia's S-300 in Syria in case of danger
Russia wants to be prepared for most severe sanctions that Washington is working on
Russia wants to be prepared for most severe sanctions that Washington is working on
Russian Air Force shows how NATO ships can be destroyed. Video
Two women fall victims to Moscow plastic surgeons in two weeks
World War Three is near? The West wants to bypass Russia's veto at UN Security Council
Israel can learn many lessons with the help of Russia's S-300 air defence systems in Syria
Russian Air Force shows how NATO ships can be destroyed. Video
UK's Lehram fails to challenge the sale of Kuzbass mine
Ukraine loses nearly 4,000 military men killing fellow Ukrainians in Donbass
World War Three is near? The West wants to bypass Russia's veto at UN Security Council
Israel can learn many lessons with the help of Russia's S-300 air defence systems in Syria