Feeds

Will Murdoch swap MySpace for Yahoo! stake?

Tabloidtakeovertastic...

The Power of One Infographic

Rupert Murdoch's News Corporation is considering swapping MySpace for a stake in Yahoo!

The talks are ongoing, but have been hit by the departure of Terry Semel earlier this week.

According to Murdoch-owned The Times, News Corp will hand over MySpace in exchange for a 25 per cent stake in Yahoo!. The search and portal giant has been accused of lacking direction in recent months but is still worth $37bn.

Murdoch paid $580m for MySpace in 2005, which would be some rate of return.

Yahoo! would benefit from the deal in gaining News Corp's content and a big social networking site - although Facebook has rather overshadowed MySpace in recent months.

It could be the story has more to do with Murdoch's bid to takeover the Dow Jones group. In May he offered $5bn for the group which owns the Wall Street Journal, among other titles.

More from The Times here. ®

Boost IT visibility and business value

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
prev story

Whitepapers

Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.