Murdoch to merge holdings with Yahoo!?

Could this be megamerger number two, the second beast, intended to rise up and battle the AOL Time Warner behemoth? Rumor has it (scroll down) that Rupert Murdoch may be considering a stock-swap deal with Yahoo!

Update: There's confirmation of the rumor and more info in this story, including a semi-terrifying picture of Rupert Murdoch.

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