News Corp could be offering Jerry Yang a deal where they would trade MySpace in exchange for a stake in Yahoo.
Rumor: MySpace Swap For Yahoo Stake
Times of London thinks the negotiations could be in jeopardy, now that Terry Semel has been deposed from the CEO post at Yahoo. News Corp could throw in other goodies like its gaming network IGN to sweeten the deal.
Another social networking site's success seems to play a role in this deal. In the report, the Times noted how Murdoch acknowledged to the Wall Street Journal that Facebook, a one-time Yahoo takeover target, has been on the rise.
Yahoo could make a belated entry into social networking, and an opportunity to throw out Google's ads and search, by taking News Corp up on its MySpace offer. Yang and company just have to decide if it's worth part of Yahoo's soul to do so. 
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