MySpace worth $12 billion?
MySpace’s parent company News Corp and internet giant Yahoo, are rumored to be in talks to execute a sale of the social networking powerhouse. The talks are in their infant stages, and the likelyhood of an eventual deal remains low. The interesting part however, is that Yahoo appears to have put $12 billion worth of stock on the table, equal to 1/4 of their total holdings. Yowza! Remember that less than a year ago Yahoo itself valued rival social networking site Facebook at only $1.5 billion? It looks like the landscape has changed significantly. Whether or not the deal goes through (and more importantly whether or not it would be beneficial for Yahoo in the long run) aside, MySpace’s current value certainly trumps News Corps’s initial buy in of $580 million, now doesn’t it?
that’s ridiculous
ewww, myspace. . .
hi5.com is much for meeting people internationally.
MySpace and their parent companies have managed to build their empire and now we can see the fruits of their labor. Problem I see is that they are becoming the only sociolization website that pushes for more. Curious to see if the sale and unification of facebook will come at some point.
Why that much for a site full of kids taking in butchered english?
Also if you dont repost the comment in 1 minute you will have bad luck for 5 years.
(Still want to pay 12 Billion?)