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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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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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. last year, claiming the deal defrauded shareholders by undervaluing the Internet's most popular networking site.
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The founder of craigslist, the free  social networking and classifieds Web site, said on Thursday he  is not interested in selling out, a few hours after social  networking site MySpace was valued at $15 billion.
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Social networking sites such as MySpace and Facebook have been boons for teenagers looking for new friends and people trying to find dates. Now the technology, which lets liked-minded people find each other online, is trickling into investing.
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The online hangout MySpace got even more popular in November, beating Yahoo in Web traffic for the first time, a research company said Tuesday.  MySpace recorded 38.7 billion U.S. page views last month, compared with 38.1 billion for Yahoo Inc., according to comScore Media Metrix.
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News Corp.'s Web network MySpace has been in talks for several months with online auction company eBay Inc. about a partnership, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
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NEWS Corporation has discussed swapping its MySpace internet social network site for a 25% stake in an enlarged Yahoo. Rupert Murdoch, chairman of News Corp, is reportedly ready to give up control of MySpace in return for a significant stake in a much larger internet business.
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Setting the stage for a possible bidding battle, Microsoft Corp. is mulling an investment in Facebook Inc. that would value the rapidly growing online hangout at $10 billion or more, according to a report published Monday.
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The founder of craigslist, the free   social networking and classifieds Web site, said on Thursday he   is not interested in selling out, a few hours after social   networking site MySpace was valued at $15 billion.
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The three-year, $15 million deal is for Omniture's SiteCatalyst traffic analysis service.
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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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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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These days, numbers just seem to blur together. Microsoft is thinking about paying $500 million for 5 percent of Facebook, which would make that company worth $10 billion. VMware, in which parent company EMC recently sold a stake to the public, is currently valued at $30 billion (that's just for VMware, not the whole of EMC).
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MySpace, the wildly popular online   teen hangout, said on Friday it will make its first move into   the digital music business by selling songs from nearly 3   million unsigned bands.
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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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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.