Three years ago today, Rupert Murdoch bought MySpace and its parent company Intermix for $580 million. That turned out to be money well spent. The last time we ran the numbers, we figured that MySpace alone is worth between $3 billion and $20 billion , depending on how much you value each user. Fox Interactive Media (which is mostly MySpace) accounted for about $850 million in revenues last …

Original post by Eddie for Myspace News


Three Years Later, Buying MySpace Looks Like One Of Murdoch’s Smartest Bets (TechCrunch)