Newscorp to divest itself of MySpace for 25% stake in Yahoo!
The Times today reported a possible deal between Newscorp and Yahoo! whereby Newscorp would divest itself of MySpace to Yahoo! in return for a 25 stake in the enlarged company.
John Delaney of Ovum says it all here - it sounds like a possible smart move for all involved.
By the figures alone, and not even considering John’s comments about the strategy, based on Yahoo!’s value of around $37bn, that makes MySpace worth around $9bn.