Microsoft and News Corp in Talks on Joint Bid For Yahoo; Possible Higher Bid; MSN+YHOO+MySpace

This just gets better and better by the second: now Microsoft (NSDQ: MSFT) and News Corp (NYSE: NWS) are in talks about combining forces to bid for Yahoo (NSDQ: YHOO), in an unlikely meeting of minds. This would create a behemoth out of MSN, Yahoo and MySpace, and be even more difficult to pass the anti-trust muster, reports NYT.

As NYT states: “If News Corporation throws its weight behind Microsoft