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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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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MySpace is getting into the book business.
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News Corp. is in talks with Yahoo about combining MySpace.com and other online properties it owns, according to a report in The Wall Street Journal.
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Beating out Google in a hotly contested advertising deal, Microsoft announces it is making a $240 million investment in Facebook, valuing the social network at $15 billion.
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The company is considering an investment of between $300 million and $500 million for less than 5 percent of Facebook.
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Blog: Alex Welch tells CNET News.com that there had never really been any plan to become a MySpace division--Fox Interactive was the prospective buyer the whole time.
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Media & professional: TV firm gains access to online community of 15m.
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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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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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There was a dream that was web 2.0...sob Comment Silicon Valley's onanistic elements have been in vinegar-stroke mode for an age over the tussle between Google and Microsoft to invest in $15bn profit-lite social networking phenomenon Facebook.â¦
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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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News Corp.'s  MySpace.com is  in talks to bring the social-networking site to China with  Boston technology trade publisher International Data Group's  Chinese venture arm and former China Netcom Group Corp.   Chief Executive Edward Tian, the Wall Street Journal  reported on its Web site on Friday.
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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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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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It could make about $160 million in the US.
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Yahoo has apparently offered $900 million for social networking site Facebook, media reports indicate. The offer is still being considered and negotiations said to be ongoing.