SAN FRANCISCO (AP)- Yahoo is said to be discussing a possible
partnership with Rupert Murdoch's News Corp.

That's according to a person familiar with the talks.

Yahoo has told Microsoft that its takeover bid, initially put at $44.6 billion, is too low.

The source says specifics of the proposed joint venture haven't
been worked out.

Both The Wall Street Journal and a prominent blog, TechCrunch,
reported that News Corp. is interested in folding its popular online social network, MySpace.com, and other Internet assets into Yahoo. News Corp. owns The Wall Street Journal and Fox News Channel.

A Yahoo spokesman said the company continues to "carefully and
thoroughly'' evaluate alternatives that will enrich its shareholders.

News Corp. Chairman Murdoch indicated last week that his company
had no interest in an outright acquisition of Yahoo, but he didn't rule out the possibility of a deal involving MySpace.