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« Breaking open Experiential Learning: An opportunity? | Main | links for 2007-06-20 »

MySpace, Yahoo Swap? Worst. Deal. Ever.

DateWednesday, June 20, 2007 at 04:57AM by AuthorCharlie O'Donnell

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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Reader Comments (2)

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?
June 20, 2007 | Unregistered Commenterrob
Not sure which is W. Germany and which is the DDR, they both seem like relatively sick men given current events and trends.
June 23, 2007 | Unregistered CommenterKen Berger

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