Report: Microsoft talking investment in News Corp.

Rupert Murdoch's News Corp. is reportedly in talks with Microsoft over a deal that could result in the software giant investing about $US1 billion in Global Networks.

          Rupert Murdoch's News Corp. is in talks with Microsoft over a deal that could result in the software giant investing about $US1 billion in Global Networks, according to a report published Monday in the Wall Street Journal.

          If the companies end up shaking hands on the deal, Microsoft's investment would represent about 3.5% of Global Networks, the company News Corp. created earlier this year to consolidate all of its global satellite TV assets and investments, the Wall Street Journal said.

          Microsoft and News Corp. have collaborated in the past. Last March, Microsoft and News Corp. company NDS Group PLC formed an alliance to develop software supporting digital television, hoping to accelerate adoption of digital TV by luring viewers with more features.

          Under that agreement, Microsoft licensed NDS software to create a new product in the Microsoft TV software family offered to cable, satellite and other types of network operators.]

          According to the Wall Street Journal report, News Corp., which has already rescheduled its plans to take Global Networks public in the fourth quarter, previously held talks with various potential investors in the company, including Yahoo, France's Vivendi and cellular-phone giant Nokia.

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