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Murdoch to sell MySpace?

Updated on 20 June 2007

By Benjamin Cohen

Why is Rupert Murdoch in talks with Yahoo? Could they finally create something to give Google some real competition?

It could be one of the biggest deals in dot-com history.

It's being reported this morning in The Times that Rupert Murdoch wants to swap the social networking site MySpace for a 25 per cent stake in Yahoo.

Rupert Murdoch bought MySpace for $580m in 2005 and it's reported that he could get a return of $12.3b - a twenty-one times return.

If the deal did go through, then Murdoch would become effectively the largest shareholder in Yahoo.

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