News Corp. and
Yahoo Inc. are in discussions about combining MySpace and other News Corp.-owned online properties with Yahoo, according to people familiar with the matter.
The discussions are aimed at helping Yahoo fend off
Microsoft Corp's (MSFT) $44.6 billion unsolicited takeover offer. Under the deal being discussed, News Corp. would get a stake in Yahoo which could be more than 20 percent.
The deal under discussion, which would also include a contribution of cash from News Corp. and a private-equity firm, is a variation of one that has been considered by the two companies several times over the past 18 months.
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