Murdoch won't battle Microsoft for Yahoo!
NEW YORK News Corp. chairman and CEO Rupert Murdoch said Monday that he won't battle Microsoft for Yahoo! and reiterated his confidence about his conglomerate's position in a possible US recession, even though he said its TV stations are running about 5 percent behind its original targets.
Rupert Murdoch, Chairman of media giant News Corp., said that he is not interested in making a bid for Yahoo, following the $44.6 billion takeover approach presented by Microsoft Corp. this month, BBC reported.