Rupert Murdoch's News Corp., which had previously said it won't be competing with Microsoft for Yahoo (largely because it doesn't have that kind of cash) now emerges as a potential "white knight" in Yahoo's struggle to a) avoid the Microsoft deal entirely or b) have a credible bargaining chip to raise the bid. Silicon Alley Insider and TechCruch have raised the possibility of such a deal and speculate on what its terms might look like.
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