Is MySpace Worth $12 billion?
It sure as hell might be. We've gotten independent confirmation of rumors circulating yesterday that discussions between Fox and Yahoo, where Yahoo would effectively buy MySpace for 25% of the stock in the combined entity, have occured. Whether Yahoo can stomach that kind of transaction right now is another matter, of course. And Fox may have less interest (or more) now that Semel has stepped down. We're hearing that the change in leadership makes no real difference to either side right now, and that the probability of such a merger deal remains 'low'.
Source: http://www.techcrunch.com/2007/06/19/is-myspace-worth-12-billion/
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