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!
July 18th, 2007 at 9:38 pm
Well this deal didn’t go through and I never expected it to. There is no way myspace is worth that much and in my opinion (as well as that of many experts) myspace is on its way down
July 19th, 2007 at 1:51 am
Yeah Murdoch is nuts. I totally think Myspace is dead but their market is teens so who knows how long it will be around. I posted earlier on how bad Myspace is with all their errors. If that site is really making 25 million a month they need to hire some competent programmers and engineers to get that piece of crap working right.
July 30th, 2007 at 11:29 am
There is no way it is worth that much, I wonder who originated this rumor? It’s certainly spread well.
August 15th, 2007 at 3:09 am
In America, perhaps. Who do you know that hasn’t heard of MySpace? However, when I mentioned it to my boss, who is from Estonia, and owns many websites himself, he had know idea what I was talking about and asked me what MySpace was.
August 21st, 2007 at 8:41 am
The whole social media market seems to have got mental, even Disney bought a kid’s social media website a couple of weeks ago!
August 24th, 2007 at 9:33 pm
Totally agree with webd360. MySpace is DIEING slowly but steadily. and i am getting so angree at ppl who run the company like that. one of the reasons i think it’s dieing is because every other comment or message or even user u see there now is spam. It is so easy to prevent by placing captures all over the place (like facebook does) rrrrr - i am pissed at these guys.
September 23rd, 2007 at 7:46 pm
Think that niche SN websites are the only dinosaurs that can survive
October 4th, 2007 at 10:06 pm
“There is no way it is worth that much, I wonder who originated this rumor? It’s certainly spread well.”
Probably Murdock via MySpace. I agree that MySpace isn’t worth 12 billion dollars.
There is no point in these companies buying social media sites other than to spy on people and advertise at them. The whole point of social media is that it belongs to the people, thus the title SOCIAL media.