Microsoft and Murdoch cooking up a deal?

The Financial Times reports that The Redmond Based Software Giant is talking to Murdoch about paying to have all News Corp content removed from Google, presumably to be placed on something Bing instead. It certainly escalates the pay-for-content battle. I think Rob Beschizza over at Boing Boing has a pretty good take on what it could all mean and what Murdoch’s back up plan may be.