MySpace could be worth $15 bln in 3 years... (Booyakasha!)
MySpace could be worth around $15 billion within three years, measured in terms of the value created for shareholders of News Corp, a Wall Street media analyst forecast on Wednesday... Respekt!
RBC Capital analyst Jordan Rohan said he had come away from a meeting with Fox Interactive, the managers of MySpace, believing that "media investors may not fully appreciate what has already been done with MySpace or what may lie ahead."
"$15 billion in a few years? It is possible," Rohan wrote in a research note to clients.
Rohan based his view on an extrapolation of estimates for the value of Internet properties ranging from $1 billion for both MySpace rivals YouTube and Facebook to the market capitalization of $120 billion for Google Inc.
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