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Posted AT 9:58 PM EST on 04/02/08

Yahoo quickly running out of options

Globe and Mail Update

Yahoo Inc. might be forgiven for feeling the noose tighten around its neck as it scrambles for alternatives to a hostile takeover bid from Microsoft Corp. The troubled Internet giant's options were pared down further Monday when News Corp. chairman Rupert Murdoch said his media company – one of a handful of possible suitors – would not make a competing bid.

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