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Search
Engine Optimisation Web Log (BLOG) |
This News Blog is dedicated to bringing news, information and innovations targeting
the Search Engine Optimisation industry.
News Corp in talks over MySpace deal with Yahoo!Yahoo! is reportedly being offered MySpace in exchange for a 25% stake in the digital giant by News Corporation. Rupert Murdoch's company has proposed that Yahoo! buys Myspace for $12.3bn (£6.2bn) - which equates to giving it a 25% stake in the search engine. According to a report in News Corp-owned newspaper The Times, talks are at a tentative stage and it is unclear whether they will continue after the resignation of chief executive Terry Semel. The $12.3bn valuation of MySpace means the social networking website has delivered a 24-fold increase on the $580m sum that News Corp paid for it in 2005. If the deal goes ahead, it would represent a significant step up for both businesses according to industry analysts. The move will enable News Corp to trade the profitability of MySpace for greater exposure through Yahoo!'s global internet news offering. According to The Times report, it is unclear whether Yahoo! is willing to consider the terms of the deal, but it is no secret that the company has been very keen to acquire a major global social networking website after failing to buy Facebook for $1bn (£503m) last year.
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