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Yahoo Inc. is discussing a possible partnership with News Corp. in its latest effort to repel Microsoft Corp. or prod its unsolicited suitor into raising its current takeover bid, according to a person familiar with the talks.
The specifics of the joint venture still hadn't been worked out, said the person who didn't want to be identified because of the sensitivity of the matter.
Just trying to buy time and show that they're doing something.
If they wait too long, it may come back to bite them. The employee layoffs have started. People are talking, the noise is getting louder. The longer they wait, the more the ship sinks, although I don't think it is sinking, just taking on a little bit of water at this point in time. ;)
Now Microsoft attempts to buy another falling angel. Maybe the downward momentum of Yahoo works against this combination of also-rans. And maybe in Redmond it would be wise to realize that very seldom the leader in an old industry will be able to lead the next industry cycle (Mainframes > Minicomputers > PC-Software > Web) And if they realize it they might come to the conclusion that buying shares of berkshire hathaway for their 40000000000$ might be the wiser decision ...