VentureBeat - Latest Comments in News Corp scores $900M from Google, a coup

Re: News Corp scores $900M from Google, a coup

Dan — Tue, 08 Aug 2006 11:38:41 -0000

So, what does this mean for other VC-backed upstarts like YouTube and Facebook?

Re: News Corp scores $900M from Google, a coup

Jon Gales — Tue, 08 Aug 2006 07:08:48 -0000

'It depends on whether MySpace users decide to use the search bar to buy things. Our hunch is they probably are only searching for friends, because that's all we've used the MySpace search for.'

I'm sure the Google execs took a look at the current search volume and ad clicks... Currently it's powered by Overture. This is a minimum revenue guarantee too, so it's likely the real amount will be more (especially if MySpace keeps up some growth). Murdoch is looking really smart right now. Making all his money back in a few years.

Re: News Corp scores $900M from Google, a coup

Matt Marshall — Tue, 08 Aug 2006 06:22:28 -0000

Ok, the confusion stems from my link to the AP story, which used the $1.2 billion number (which includes the IGn deal), and so that is what I was referring to. I've updated it now, and hope it is finally clear. Sorry about that.

Re: News Corp scores $900M from Google, a coup

Dan — Tue, 08 Aug 2006 06:02:08 -0000

I thought all of Intermix, including MySpace was $580M.

Re: News Corp scores $900M from Google, a coup

Elan — Tue, 08 Aug 2006 04:02:28 -0000

Let's not confuse profits with revenues and let's not forget about Finance 101: a dollar today is worth more than a dollar tomorrow. Fox's IRR will be the discounted value of $900MM + the present value of the future cash flows from MySpace, which will be based on MySpace's profitability...Not $900MM + $350MM as you point out.

Re: News Corp scores $900M from Google, a coup

Matt Marshall — Tue, 08 Aug 2006 01:12:56 -0000

Updated to make clearer. Thx.

Re: News Corp scores $900M from Google, a coup

dave — Mon, 07 Aug 2006 23:39:05 -0000

It was $580m and it was not for myspace - but for a Intermix media that owns myspace, among other properties.

Re: News Corp scores $900M from Google, a coup

Ben Rattray — Mon, 07 Aug 2006 21:09:24 -0000

Every report I've read said News Corp paid $580 million for MySpace, not $1.2 billion. Can you confirm either way?

Re: News Corp scores $900M from Google, a coup

Matt Marshall — Mon, 07 Aug 2006 18:54:49 -0000

No, that wouldn't be good. Unedited bloggers unite! I've updated. Thanks.

Re: News Corp scores $900M from Google, a coup

Mon, 07 Aug 2006 18:12:31 -0000

Uh, I think you mean "billion," not "million." C'mon Matt, let's not get into the habit of readers actually thinking that bloggers NEED editors...