MySpace could be worth $15 billion
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MySpace, the social networking  Web site, could be worth around $15 billion within three years,  measured in terms of the value created for shareholders of  parent company News Corp. (NWSa.N), a Wall Street media analyst  forecast on Wednesday.
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The firm is poised to buy a 5% share in the popular social networking website, according to reports.
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MySpace, the online social networking  site owned by News Corp , is in talks with music  companies to launch an advertising-supported free music  service, according to several reports on Wednesday.
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Why does Microsoft think Facebook is worth $15bn? Here are 15 possible reasons....
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U.S. antitrust authorities have  approved plans by MySpace-owner Fox Interactive Media, a unit  of News Corp., to buy photo-sharing site Photobucket.
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Social networking website MySpace is to allow unsigned bands to sell their music as downloads.
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Media & professional: TV firm gains access to online community of 15m.
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Fox Interactive Media, the unit that operates the MySpace, acquired the Strategic Data Corporation to help increase revenue from the popular social networking site.
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MySpace announced today that through a partnership with Oberon Media, it will add a section of free, multiplayer games to the popular social networking site. Casual games are turning into a huge industry, with growth expected to double to over $500 million in revenue this year.
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MySpace's parent company has agreed to buy Photobucket, the largest photo sharing site in the U.S.
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The founder of MySpace says his plan could increase the price of shares in Dow Jones to $100.
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Social  networking Web sites have fired up industry deal headlines the  past couple of years -- from News Corp.&#39;s ground-breaking  acquisition of MySpace to the recent purchases by the Walt  Disney Co. and Viacom Inc.&#39;s Logo network of Club Penguin and  DowneLink.com, respectively.
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MySpace has an impressive lead today, but things can change quickly in the fluid world of mass-market social networking sites. Just ask Friendster.
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The founder of MySpace.com parent   Intermix Media on Thursday said he is seeking a federal   investigation of the sale of Intermix to News Corp. NWSa.N   last year, claiming the deal defrauded shareholders by   undervaluing the Internet's most popular networking site.
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Also: MySpace founder aims to thwart Murdoch's WSJ bid.
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It&#039;s only natural for companies large and small to want to capture some of the social-networking magic of MySpace.com, a Web site that has risen out of nowhere to become the Internet&#039;s second busiest by successfully figuring out what teens and young adults want.
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Business & money: Nearly 110m global devotees of the internet's top social networking site, MySpace, will soon be able to make free telephone calls to each other.