Gossip: Y buys Myspace?

Raging gossip from The Times Online:

June 20, 2007

News Corp explores swap of MySpace site for Yahoo! stake
News Corporation has discussed swapping MySpace, its internet social networking unit, with Yahoo! in return for a 30 per cent stake in the enlarged group.

Michael Arrington points out that this would value MySpace @ $12billion, up just a bit from Fox’s $580mil purchase two years back.

Rumors, rumors, rumors.

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  • Comments
    One Response to “Gossip: Y buys Myspace?”
    1. Air Jordans says:

      No way… that would be a complete mistake on Yahoo’s part…