Murdoch concedes News Corp. seeks search engine
Net Stocks: "What's in a search engine? Apparently, a powerful adhesive to glue together all the assets of the newly formed Fox Interactive Media. For that reason it's a technology that Rupert Murdoch knows he needs.Search is also a 'catalyst' for the mix of Alibaba's commerce assets that might help the Chinese auction company embark on accelerated growth.
Earlier this week, News Corp. (NWS: news, chart, profile) CEO Murdoch told analysts that the media conglomerate was in talks to take a majority stake in a search engine. "
posted by Jen @ 6:56 AM
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