Re:Facebook at $10 Billion Valuation, Microsoft to Invest?
by cellis on Tuesday September 25, 2007 @09:20PM
(#59660)
bargain? he got it for a steal. Even sumner redstone (notoriously suspicious of the web "hmm what is that nuisiance stealing from my billions??") said it was worth 1.5B -- conversations with Michael Eisner.
How many of those new users were because of News Corp's acquisition? If majority of those users would be added anyway (if it was just a matter of time), and an astute investor could predict that, its valuation of $580m or even more would be justified.
Today most financial publications believe Murdoch got Myspace for a bargain.