Report: News Corp considering swapping MySpace for stake in Yahoo

Iria · Jun 20, 2007, 10:37 AM

Source: The Raw Story
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Rupert Murdoch's News Corp. is discussing swapping social networking Web site MySpace for a 25 percent stake in Yahoo Inc., The Times newspaper reported Wednesday.

The Times, which is owned by News Corp., said its parent was looking for exposure in a larger Internet-based business such as Yahoo.

News Corp. spent $580 million to buy MySpace in 2005.

Jun 20, 2007, 10:37 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 74	Report: News Corp considering swapping MySpace for stake in Yahoo Source: The Raw Story _________ Rupert Murdoch's News Corp. is discussing swapping social networking Web site MySpace for a 25 percent stake in Yahoo Inc., The Times newspaper reported Wednesday. The Times, which is owned by News Corp., said its parent was looking for exposure in a larger Internet-based business such as Yahoo. News Corp. spent $580 million to buy MySpace in 2005.