Murdoch Wants to Swap MySpace for 25% of Yahoo

[syber]

[news.com.au...]

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]

[martinibuster]

Is MySpace worth 25% of Yahoo?

[Receptional]

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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)

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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 Corp’s investment in MySpace, which it acquired for $580 million in summer 2005.

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

[Marcia]

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

[webmasterworld.com...]

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]