News corporation chairman Rupert Murdoch has said that a deal between Microsoft and Yahoo is not likely to happen.
He gave this statement while talking to reporters at a conference in Idaho. According to Rupert:
There won’t be a deal, there’s bad feelings.
It should be interesting to note that News Corporation and Yahoo, at one point, were reportedly discussing a deal as Yahoo was desperately seeking a partner to thwart Microsoft’s takeover bid.
After offering a price of as much as $47.5bn for the internet pioneer, Microsoft finally gave up its pursuit in May, and Yahoo was left to defend itself from its own investors and inflate its own value enough to justify turning down the deal.
Billionaire investor Carl Icahn, in an open letter, has accused Yahoo of botching deal with Microsoft and now he is leading the shareholder revolt to replace Yahoo’s board and chief executive officer Jerry Yang with a group which would seek out a deal. Microsoft has since said that, if a new board were to be elected, it would still discuss deal with Yahoo.
Murdoch, however, doesn’t see a deal in the cards.
In six months, Microsoft will walk away.
he told reporters.
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