MySpace may 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 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 is about to make it possible for developers to build applications that can run, and make money, on its site.
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MySpace is getting into the book business.
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It could make about $160 million in the US.
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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. may be ready to sell off MySpace in an effort to gain a stake in search engine company Yahoo, British daily The Times reported Wednesday.
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News Corp.'s (NWSa.N) 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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At a conference of investors and entrepreneurs this week, several prominent venture capitalists agreed: $15 billion is about the right valuation for Facebook.
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IRVINE, Calif., Feb. 2, 2007 (PRIME NEWSWIRE) -- "Savvy companies are targeting the 'MySpace Generation', an enormous consumer demographic," stated SmallCap Sentinel analyst D.R. Clark.
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With $15.4 billion in cash reserves, Apple has a lot of options. How it will spend that money is an open question.
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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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Doug Morris, chief executive officer of Universal Music Group, the world's largest music company, said on Tuesday he expects to reach a settlement with MySpace, which the company sued for copyright infringement.
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LOS ANGELES -- Dow Jones &amp; Co.'s board will take the lead in deciding whether the Wall Street Journal publisher will be sold to News Corp. for $60 a share as MySpace.com founder Brad Greenspan offered the same price for 25 percent of the company.
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The Motley Fool - Last winter, I identified SNOCAP as one of four interesting privately held companies that investors might just wish were public companies. There wasn't too much news out of SNOCAP after that, to my surprise -- until now, and it's pretty big. As you have probably heard, it's hooked up with News Corp.'s (NYSE: NWS - News) MySpace, enabling the popular social networking site to offer tools to musicians looking to sell directly to fans.
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News Corp. (NWS) may soon allow members of its MySpace Web site to embed Fox TV shows and other Fox video on their home pages, marking a huge step toward generating greater revenue from the world's largest social networking site.
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Why does Microsoft think Facebook is worth $15bn? Here are 15 possible reasons....