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MySpace, Yahoo Swap? Worst. Deal. Ever.
Link: Report: Murdoch ponders MySpace, Yahoo 'swap' - CNN.com.
"Rupert Murdoch's News Corp. is discussing swapping social networking Web site MySpace for a 25 percent stake in Yahoo, The Times newspaper reports."
Remember when East Germany and West Germany merged and they set the exchange rate at 1:1 and it wound up crushing the German economy to the point where it became known as the "Sick Man of Europe"? That's the kind of effect Yahoo buying MySpace at a valuation of $9+ billion would be.
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hmmm, i wonder what's behind this thought process? does murdoch think that the perceived value of myspace will never be larger then this so he needs to use the currency at it's peak?