Rupert Murdoch is one smart cookie. He purchased Myspace for 580 million dollars in 2004, and everybody threw their hands up and said he was crazy. Now he is in talks about trading Myspace to Yahoo! for a 25% stake in the company (a value of 11 billion dollars). Talk about a return on your investment, and a good exit strategy. See the thing is, Murdoch realizes that Myspace is just a bunch of Fred Durst pimps and Paris Hilton ho's, and even though he has millions of them, they have about as much utility and value as a used Limp Bizkit CD on Amazon.com. This normally wouldn't be too much of a problem, except for the fact that the Facebook.com is about to completely bulldoze the entire internet with their growth, quality of user-base, and new F8 platform, sending Myspace and its unsavory characters into the dustbin of internet history.
As a result, Murdoch is trying to inseminate Yahoo with his STD-laden internet property, and make out like a bandit. And Yahoo of course is eager to be on the receiving end because it hasn't gotten any action recently so to speak of.
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