Rupert Murdoch's News Corporation is considering selling social networking site MySpace to internet search company Yahoo, the Times newspaper has claimed.
The News Corp-owned newspaper said its parent firm was mulling offering some of its internet assets to Yahoo as part of a broader deal.
The Times said that News Corp would want a
25% stake in Yahoo in return for MySpace, which it bought for $580m.
Yahoo's direction is in question after chief executive Terry Semel quit.
MySpace could be a valuable tool in Yahoo's battle against internet search rival and market leader Google, analysts said.
***
more:
http://news.bbc.co.uk/2/hi/business/6220944.stmUgh. The Prince of Darkness gets a major stake in Yahoo? That doesn't sound good.
Printer-friendly format
Email this thread to a friend
Bookmark this thread
(1000+ posts)
Send PM |
Profile |
Ignore