Monday, February 04, 2008

Apple among those considering rival bid for Yahoo?

Global giants including Apple Inc. and Rupert Murdoch's News Corp. are considering rival bids for the internet search icon Yahoo, which has received a $44.6 billion offer from Microsoft, the Scotsman is reporting.

Though the report cites no sources, it points to a statement on Yahoo's website that says that company will seek acquisition proposals from other companies, evaluate all of its strategic alternatives, and then "pursue the option that it believes can best maximise value for our shareholders."

In addition to Apple and News Corp., several other firms are reported to be unwilling to allow Microsoft to gobble up Yahoo without a fight, including American media conglomerate InterActiveCorp and leading Chinese search firms such as More>>