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.