According to an AP story tonight, Rupert Murdoch (via his News Corp.) is set to aggressively expand his Internet presence. In particular, he will follow up his recent MySpace acquisition with the imminent announcement of controlling interest in an online search company.
So, which one is it? Controlling interest in Google or Yahoo is out of the question — too much money — and it’s unlikely he is out to extract Ask Jeeves from IAC/InterActive. What does that leave? A hodge-podge of smaller fry, relatively few of which are publicly-traded — which won’t prevent people from running up the stocks tomorrow of the ones that are.