There has been some kind of rumors that MySpace website is worth 12 billon dollars.That’s a not bad return on Fox’s initial investment of $580 million in the site. Recently Yahoo and Fox updated that yahoo is interested in buying MySpace for 25% of the stock in the combined entity.
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When I first saw it I thought that maybe they didnt have all the graphics for it done yet, but then I returned today and it looks like a joke... I looked at the URL several times to make sure it wasn't redirected to some other site. Then I refreshed the page a couple times thinking the CSS stylesheet hadn't loaded... but it really is just that bad!
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Fox Interactive Media has entered into a nearly $1 billion, 3+ year deal with Google to exclusively power search across most Fox online sites, including Myspace. The partnership will begin in the fourth quarter of this year and extend though the second quarter of 2010.
Teams from Google and Fox say they have been working nonstop for five days to nail down the details on the deal, which was just signed early this morning.
This deal will significantly increase total revenue on Myspace, which is estimated to currently be generating about...
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