If MicroHoo were a movie, we might be in Act III, moving quickly toward an exciting climax. It’s a good movie so far because there are equally matched antagonists, unpredictable twists, a concrete deadline and an uncertain outcome. Indeed, that outcome seems to grow increasingly uncertain amid a surreal shifting of alliances. For example, News Corp. was reportedly in early direct talks with Yahoo about a deal to fold MySpace into the company in exchange for a substantial stake in Yahoo, as a way to deflect the Microsoft bid. Now News Corp. is apparently talking with Microsoft about joining the takeover effort itself.
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