Yahoo wants to take over Myspace

 Shortly after the Internet company Yahoo rejected a takeover bid from Microsoft, it is in a shopping mood itself: it wants to take over the community portal Myspace. This was reported by the Wall Street Journal on Thursday, citing informed circles. In return, the group is offering Rupert Murdoch's Myspace owner News Corp. a stake of 20 percent or more in Yahoo. The Internet portal is thus reiterating its signals to Microsoft that it wants to prevent a hostile takeover attempt. Neither Yahoo nor Myspace were willing to comment when asked by Pressetext and left the "rumors" uncommented. The deal would also provide for Yahoo's value to be increased by a financial injection from News Corp. and a private investor. The Microsoft offer for the portal was considered too low by the supervisory board and shareholders. As a result, News Corp. board member Rupert Murdoch refrained from submitting a counter offer to the Microsoft bid. Meanwhile, speculation about a possible Yahoo investment by Google is dwindling, although Google had announced its open support against the Microsoft offer. Microsoft had offered a purchase price of 44.6 billion dollars for Yahoo.