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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]
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!
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]