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Well, that's only a $545 million loss, considering Murdoch bought it for $580 million or so.
by kprobst 15y ago
Well, that's only a $545 million loss, considering Murdoch bought it for $580 million or so.
- cowkingdeluxe 15y agoWrong. Murdoch probably made a profit off the ads during that time. See above comments.
- marcf 15y agoThe Google-Myspace deal had minimum traffic requirements, thus it isn't clear that they made the $900M from Google: http://mashable.com/2010/12/16/myspace-google-search-deal/ http://mashable.com/2010/12/16/myspace-google-search-deal/
- ssharp 15y agoRevenues != profits. If you don't know, or even have a decent estimate of, profits, it's hard to really judge the deal. However, I don't think Murdoch went into this deal planning that he'd have a $540 million capital loss in just five or six years.