YouTube vs. MySpace?
(BusinessWeek) Just a few months ago, News Corp. (NWS) landed a crucial deal with Internet leader Google (GOOG). News Corp. designated Google as the search engine for MySpace, the social networking leader that News Corp. acquired last year for $580 million. The Google deal guaranteed $900 million in revenue for MySpace over a three-year period, more than enough to recoup News Corp.’s cost of acquiring MySpace, plus a tidy profit. More…
16 Oct
