Microsoft Corp and News Corp are in talks about a joint bid for Yahoo Inc that would add MySpace to the Yahoo-Microsoft combination proposed by the world's largest software maker, the New York Times reported on Wednesday.The talks with News Corp, which previously had discussed working with Yahoo as a counter to Microsoft's unsolicited bid, are at a "sensitive stage," the newspaper quoted people involved in the discussions as saying.
Yahoo faces a three-week deadline from Microsoft to reach a deal or face a hostile effort to take over the board, and it is eagerly searching for alternatives or proof that it is worth more than Microsoft's offer, now valued at $42 billion.
(Msnbc.com is a joint venture of Microsoft and NBC Universal.)
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