News Corp tries to buy online phone company

MEDIA mogul Rupert Murdoch’s News Corp is understood to have held talks with internet telecom software company Skype.

News Corp tries to buy online phone company
Mon, 08 Aug, 2005 - 01:00

The deal was worth €2.5 billion, but negotiations broke down, according to weekend reports.

The London Independent newspaper, citing unnamed well-placed sources, said the talks between Skype Technologies and News Corp fell apart last month, just before Mr Murdoch’s son Lachlan quit his father’s empire.

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