Yahoo may swipe up MySpace for 25/30% of it’s stock… holy lord! From 580 million to 12 billion? Yahoo is supposedly worth around 40 billion dollars and they are willing to give 25% of their stock to Murdoch for Myspace. Even though Yahoo probably needs Myspace to compete with Google giving away 25% of your company is a big deal. Read more here.
“A deal would demonstrate a remarkably swift return on News Corp’s investment in MySpace, which it acquired for $580 million in summer 2005.
Yesterday Yahoo! was worth $37 billion. A quarter stake in an enlarged company would be worth $12.3 billion.”
If you enjoyed this post, make sure you subscribe to my RSS feed!
Every time I get on myspace to log on or reply or do anything it has errors. It is so frustrating. I’m thinking that a site that makes 25 million a month could afford more servers or programmers or whatever they need so their site works, but I am way wrong. It’s been like this for awhile too. Nothing they have added in the past months has made my experience any better. I’ve never added myspace videos or used their IM service or what have you. Why would I use their video service when youtube is much easier and more familiar? Why hasn’t google started a Gspace site to rival them? 
