Is MySpace Worth $12 Billion?

Is it possible that MySpace is worth a staggering $12 billion? Michael Arrington thinks it’s a definite possibility given current information and rumors floating about. Yahoo! is apparently in talks to purchase the popular web property from Fox, who paid just $580 million for it just two years ago. According to Michael, it would be a foolish move on Yahoo!’s part.

Yahoo could certainly use the massive page views and user numbers, and they could kick Google out of that search deal from last year. But they need to focus on strategic acquisitions and a real game plan going forward. To try and hit one out of the park with a monster acquisition, perhaps just as the MySpace star is fading, would be monumentally stupid.

Source: TechCrunch