Yahoo! may invest in new News Corp. entity

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News Corp. is talking to Internet portal Yahoo! regarding Yahoo!'s potentially investing in News Corp.'s planned global digital platform, a consolidation of its worldwide satellite platforms under one as yet unnamed umbrella entity, a person familiar with the situation confirmed. But contrary to an implication in a March 6 New Yorker article, News Corp. is not planning to merge with Yahoo!, he said.

Copyright February 2000, Crain Communications Inc.

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