News Corp. honcho Rupert Murdoch has offered to swap the wildly popular social networking site MySpace in exchange for a stake in portal-in-flux Yahoo. Murdoch reportedly approached Yahoo with the offer of giving the portal ownership of MySpace in exchange for a 30 percent ownership stake of the combined Yahoo-MySpace. On the surface, the deal seems to address needs of both parties: Murdoch has been looking for ways to expand his media company’s online exposure; meanwhile, Yahoo has been eager to find the right social networking play.
Original post by Keith Regan and software by Elliott Back
