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Murdoch Wants to Swap MySpace for 25% of Yahoo

 3:01 pm on Jun 20, 2007 (gmt 0)


RUPERT Murdoch's News Corporation is discussing swapping internet site MySpace for a 25 per cent stake in Yahoo Inc, The Times newspaper in London has reported.

[edited by: martinibuster at 8:21 pm (utc) on June 20, 2007]
[edit reason] Added quote, fixed URL. [/edit]



 8:21 pm on Jun 20, 2007 (gmt 0)

Is MySpace worth 25% of Yahoo?


 1:00 pm on Jun 21, 2007 (gmt 0)

System: The following message was spliced on to this thread from: http://www.webmasterworld.com/yahoo_search/3374611.htm [webmasterworld.com] by engine - 2:09 pm on June 21, 2007 (utc +1)

News Corp explores swap of MySpace site for Yahoo! stake [business.timesonline.co.uk]

Don't know if I caught it first... but according to the Times, Ruport Murdoch is looking to take a huge stake on Yahooo in exchange for giving it MySpace.

A deal would demonstrate a remarkably swift return on News Corpís investment in MySpace, which it acquired for $580 million in summer 2005.

Mind you, the Times IS Rupert Murdoch, so no deal done yet!


 10:29 pm on Jun 21, 2007 (gmt 0)

A thread was started on it yesterday morning in the other forum:


MySpace is a huge legal headache, how would it be worthwhile Yahoo to get involved in that? Where's the percentage with the kind of outlay for legal expenses?

[edited by: Marcia at 10:33 pm (utc) on June 21, 2007]

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