News Corp will not fight Microsoft for Yahoo

NEWS CORP WILL NOT FIGHT MICROSOFT FOR YAHOO
[SOURCE: Reuters, AUTHOR: Kenneth Li]
Rupert Murdoch said on Monday his News Corp would not get into a fight with Microsoft Corp over Yahoo Inc, confirming what most industry and Wall Street observers suspected. Murdoch's company has been in talks with Yahoo over a transaction to combine News Corp's MySpace Internet social network and other Internet assets with Yahoo.
http://www.reuters.com/article/technologyNews/idUSWEN440320080310