Microsoft (MSFT) - Get Microsoft Corporation Report and News Corp. (NWS) - Get News Corporation Class B Report are said to be in talks that could result in the software behemoth's investment of more than $1 billion in News Corp.'s Sky Global Networks unit, The Wall Street Journal reported.
A deal of that size would give Microsoft a 3.5% stake in the satellite-TV unit. Also, an investment would give Rupert Murdoch's News Corp. some help in raising cash through a round of private placement for the unit. News Corp. wanted to take Sky Global public, but pushed back an offering until next year because of the volatile tech sector.
News Corp. talked to other potential investors in Sky Global, including