MySpace to move to Yahoo!
A rumored deal might merge News Corp. owned MySpace with Internet portal Yahoo and could prove strategically beneficial to both companies. Earlier in 2005, Keith Rupert Murdoch (News Corp.) bought MySpace for $580 million, and since then the value of the site has grown significantly.
The Times reports that News Corporation has decided to swap MySpace with Yahoo in return for a 25 per cent stake in the enlarged group.
