Murdoch may trade off MySpace for a piece of Yahoo!
21 Jun 2007
MySpace, is the web''s top social networking site, which Murdoch acquired, along with other internet-related assets, for $650 million in 2005. It has an estimated 100 million users.
The deal would give News Corp access to Yahoo''s total audience of an estimated 100 million users a month and help it provide exposure in a large internet-based business, the report said.
However,
the media mogul would lose overall control of MySpace,
if such a deal should occur. It would also see Yahoo gaining
a foothold into social networking, which it previously
attempted with Facebook.
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