MySpace and Yahoo in swapsies deal?

"Tentative" deal talked up


21 June 2007 10:05 GMT / By Amy-Mae Elliott

According to reports in The Times, News Corp. have been in talks about the possibility of swapping MySpace in exchange for a chunk of Yahoo.

According to anonymous sources, the two companies have been in discussions to hand over MySpace in return for either a 25% or 30% (reports differ) stake in the Internet giant Yahoo.

Yahoo's curent market value is around $37 billion so the suggested deal would put a value of around $10 billion on the social networking site.

Terry Semel, Yahoo's now-former CEO resigned this week leading to speculation that the talks, which were only informal anyway, are now on hold.

Neither side have offered official comment.
Full tags
Biz, Software, Websites, Browsers, Yahoo, MySpace, CallWave

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