Report: Murdoch Could Swap MySpace For Yahoo! Stake
June 20, 2007 at 3:02 PM (PT)
The TIMES OF LONDON reports that NEWS CORP.'s RUPERT MURDOCH is discussing a deal to swap MYSPACE for a 30% stake in YAHOO! Talks are said to be preliminary, and they began before CEO TERRY SEMEL resigned (NET NEWS 6/18), so it's unclear if they will continue.
YAHOO! is said to be worth $37 billion, so a quarter stake in an enlarged company would be worth $11.1 billion.