News Corp. is said to be talks to buy business social networking service LinkedIn, according to TechCrunch UK. If the deal were to happen, it would bring MySpace and LinkedIn under the same corporate roof. Full story here.

Mountain View based LinkedIn has approx. 12 million users and has taken $27.5 million over 3 rounds from investors including Sequoia, Greylock and Bessemer Venture Partners. The site has been faced with the rise of Facebook as an alternative business networking site, although as TechCrunch commenter’s enjoy pointing out: it’s not the same. LinkedIn is also an OpenSocial partner with Google.