Rupert Murdoch recently announced that News Corp was no longer interested in Yahoo as Microsoft had a better offer on the table.

However, according to the New York Times talks between News Corp and Microsoft are at a "sensitive stage".

Yahoo faces three-week deadline from Microsoft to reach a deal or face a hostile takeover from the software giant.

Yahoo rejected an earlier bid of $44bn in a bid to find an alternative buyer willing to pay more.

A joint offer from News Corp and Microsoft could bring about a higher offer and force Yahoo shareholders to sell.

Web User will bring you more news on this story as it happens.

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