Reality TV World People News   Ratings News   Scheduling News   Application News   Spoiler News
Show Updates   Features & Interviews   Image Gallery   Message Boards   Shows Listing

HOME > OTHER ENTERTAINMENT NEWS > Lifestyle NEWS

Report: News Corp looking to trade MySpace for Yahoo! stake


UPI News Service, 06/20/2007 

New York media mogul Rupert Murdoch wants a stake in Yahoo! and is willing to give up MySpace to get it, it was reported Wednesday.

ADVERTISEMENT
Murdoch has discussed giving up his interest in MySpace for a one-quarter interest in Yahoo!, The Washington Post said. Preliminary talks on the two Internet companies were initiated before Terry Semel resigned as chief executive officer at Yahoo!, a source familiar with the situation told the Post.

It was unclear whether discussions would continue under Yahoo!'s new leader, Jerry Yang.

Yahoo! declined to comment on the talks, first reported in The Times of London, which is owned by Murdoch's News Corp.

Murdoch bought MySpace, the online social networking Web site, and other Internet concerns for $650 million two years ago, while Yahoo! is valued at about $37 billion.

Murdoch also is trying to buy Dow Jones and Co., which owns The Wall Street Journal, for about $5 billion.


DISCUSS AND COMMENT ON THIS STORY
Reality TV World now offers Facebook Comments on our stories. To post a comment, log into Facebook and then 'Add' your comment. To report spam or abuse, click the 'X' in the upper right corner of the comment box.


Get more Reality TV World! Follow us on Twitter, like us on Facebook or add our RSS feed.


Copyright 2007 by United Press International








Take Our User Survey





Page generated in 0.042227983474731 seconds
About Reality TV World   •   Advertise on Reality TV World  •   Contact Reality TV World  •   Privacy Policy   •   RSS Feed