MySpace is Now Worth $6 Billion - WickedFire - Affiliate Marketing Forum

pocketrockets · 11-14-2006, 03:32 PM

Rupert Murdoch: MySpace is Now Worth $6 Billion

Tuesday November 14, 2:25 pm ET Eric Savitz (Barron's) submits: Speaking with investors at a meeting in Sydney, Australia, yesterday, News Corp.’s (NYSE: NWS - News) Rupert Murdoch reportedly said that the company’s MySpace unit could now be sold for $6 billion, or about 10x the $580 million News Corp. originally paid for the business. The $6 billion was reported in research notes this morning from UBS analyst Aryeh Bourkoff and Credit Suisse analysts Jolanta Masojada and William Drewry.

According to the reports, Murdoch said MySpace now has 130 million users, growing 8 million users a month; he expects 200 million users by mid-2007. Bourkoff says revenue from its advertising relationship with Google (NASDAQ: GOOG - News) should bring MySpace $50 million in fiscal 2007, $250 million in fiscal 2008 and $300 million in both 2009 and 2010.

On a separate topic, Bourkoff says that Murdoch offered “brief but positive” comments on the company’s ongoing talks with Liberty Capital (NASDAQ: LCAPA - News) in which News Corp. would swap its stake in DirecTV (NYSE: DTV - News) for Liberty’s stake in News Corp. According to Bourkoff, Murdoch noted that the transaction would serve as a large share repurchase. According to the Credit Suisse analysts, Murdoch said he was “optimistic” that the two sides were getting close to an agreement.

And one other note: Murdoch says the company should earn $100 million on the movie Borat, with total box office of at least $200 million. The movie cost $17 million to make.

Murdoch also repeated previous guidance that News Corp. should generate 14%-16% EBIT growth (before special items) in the June 2007 fiscal year.
News Corp. shares today are unchanged at $22.26.

Rupert Murdoch: MySpace is Now Worth $6 Billion: Financial News - Yahoo! Finance

mkrongel · 11-14-2006, 06:00 PM

Quote:

Originally Posted by pocketrockets

According to the reports, Murdoch said MySpace now has 130 million users, growing 8 million users a month; he expects 200 million users by mid-2007. Bourkoff says revenue from its advertising relationship with Google (NASDAQ: GOOG - News) should bring MySpace $50 million in fiscal 2007, $250 million in fiscal 2008 and $300 million in both 2009 and 2010.

How many of the 130 million users are marketers? 10 million? More?

Jon · 11-14-2006, 08:03 PM

Quote:

Originally Posted by mkrongel

How many of the 130 million users are marketers? 10 million? More?

Much less. Maybe 1 million at most, but I don't even think that many.

John · 11-14-2006, 08:33 PM

yeah $6 billion my ass, I'd like to see what an outside source values the website at.

Bryan Le · 11-15-2006, 12:11 AM

Who the hell would they sell it to?

Jon · 11-15-2006, 12:41 AM

Quote:

Originally Posted by John

yeah $6 billion my ass, I'd like to see what an outside source values the website at.

What a coincidence! WickedFire is valued at $41 billion!!

illusion · 11-15-2006, 12:48 AM

Quote:

Originally Posted by Jon

What a coincidence! WickedFire is valued at $41 billion!!

lol I would sell like a motherfucker if I owned a website worth $6,000,000,000.00

Mill · 11-15-2006, 02:12 AM

Damn Right

hell i would take a billion for it... just go ahead and write me the check. Or if you want to western union it to me, i will deduct 10%. Once money is recieved and i get my plane ticket out of country,,, umm i mean i am notified it has hit, i will transfer the domain

A-D · 11-15-2006, 02:44 AM

If someones prepared to pay over a billion for youtube then maybe someone would pay 6billion for myspace. Its definateley worth 5x youtube on traffic and profit.

matrics · 11-15-2006, 08:26 AM

Quote:

Originally Posted by John

I'd like to see what an outside source values the website at.

I'll value it at five bucks and 3 paper clips.

Jdog · 11-15-2006, 10:57 AM

I wonder how much it would be worth if they could keep it up for more than 2 days at a time.

Andrew · 11-15-2006, 11:03 AM

Is there any company out there that would buy it at $6 billion? Viacom sure wouldn't, Google maybe, Microsoft, very possibly.

Dudibob · 11-15-2006, 11:26 AM

i'd imagine Microsoft cause Live spaces has't taken off, just like Google Video didn't take off so they bought youtube...

Jon · 11-15-2006, 08:22 PM

Quote:

Originally Posted by Andrew

Is there any company out there that would buy it at $6 billion? Viacom sure wouldn't, Google maybe, Microsoft, very possibly.

I think Khazakistan would buy it. Yes, the country. So that everyone would love them again.

Hobbit · 11-16-2006, 12:26 AM

Quote:

Originally Posted by Jon

I think Khazakistan would buy it. Yes, the country. So that everyone would love them again.

LOL. That made me laugh.

11-14-2006, 03:32 PM	#1 (permalink)
pocketrockets Senior Member Join Date: Aug 2006 Posts: 603 iTrader: (1)	MySpace is Now Worth $6 Billion Rupert Murdoch: MySpace is Now Worth $6 Billion Tuesday November 14, 2:25 pm ET Eric Savitz (Barron's) submits: Speaking with investors at a meeting in Sydney, Australia, yesterday, News Corp.’s (NYSE: NWS - News) Rupert Murdoch reportedly said that the company’s MySpace unit could now be sold for $6 billion, or about 10x the $580 million News Corp. originally paid for the business. The $6 billion was reported in research notes this morning from UBS analyst Aryeh Bourkoff and Credit Suisse analysts Jolanta Masojada and William Drewry. According to the reports, Murdoch said MySpace now has 130 million users, growing 8 million users a month; he expects 200 million users by mid-2007. Bourkoff says revenue from its advertising relationship with Google (NASDAQ: GOOG - News) should bring MySpace $50 million in fiscal 2007, $250 million in fiscal 2008 and $300 million in both 2009 and 2010. On a separate topic, Bourkoff says that Murdoch offered “brief but positive” comments on the company’s ongoing talks with Liberty Capital (NASDAQ: LCAPA - News) in which News Corp. would swap its stake in DirecTV (NYSE: DTV - News) for Liberty’s stake in News Corp. According to Bourkoff, Murdoch noted that the transaction would serve as a large share repurchase. According to the Credit Suisse analysts, Murdoch said he was “optimistic” that the two sides were getting close to an agreement. And one other note: Murdoch says the company should earn $100 million on the movie Borat, with total box office of at least $200 million. The movie cost $17 million to make. Murdoch also repeated previous guidance that News Corp. should generate 14%-16% EBIT growth (before special items) in the June 2007 fiscal year. News Corp. shares today are unchanged at $22.26. Rupert Murdoch: MySpace is Now Worth $6 Billion: Financial News - Yahoo! Finance

11-14-2006, 08:33 PM	#4 (permalink)
John Join Date: Jun 2006 Location: Sewageville Posts: 4,938 iTrader: (6)	yeah $6 billion my ass, I'd like to see what an outside source values the website at. __________________

11-15-2006, 12:11 AM	#5 (permalink)
Bryan Le Senior Member Join Date: Jun 2006 Posts: 125 iTrader: (0)	Who the hell would they sell it to? __________________ Bryan Le - My Blog ForumShock \| Find out why we're the most trusted, recommended, and successful name in the paid posting industry. We've got over 65,000+ posts, 500+ writers, 275+ forums, and 350+ customers under our belt (in less then 5 months). Order using the coupon WICKEDFIRE to save 10%!

11-15-2006, 02:12 AM	#8 (permalink)
Mill Senior Member Join Date: Jul 2006 Location: North Carolina Posts: 370 iTrader: (0)	Damn Right hell i would take a billion for it... just go ahead and write me the check. Or if you want to western union it to me, i will deduct 10%. Once money is recieved and i get my plane ticket out of country,,, umm i mean i am notified it has hit, i will transfer the domain __________________ MILLNIC media

11-15-2006, 02:44 AM	#9 (permalink)
A-D NSFW Join Date: Jun 2006 Location: London Posts: 297 iTrader: (0)	If someones prepared to pay over a billion for youtube then maybe someone would pay 6billion for myspace. Its definateley worth 5x youtube on traffic and profit. __________________ !

11-15-2006, 10:57 AM	#11 (permalink)
Jdog Join Date: Aug 2006 Location: Phoenix Posts: 4,307 iTrader: (1)	I wonder how much it would be worth if they could keep it up for more than 2 days at a time. __________________ Copeac Rocks! Bluehat SEO Must Read!

11-15-2006, 11:03 AM	#12 (permalink)
Andrew Join Date: Jun 2006 Posts: 1,989 iTrader: (0)	Is there any company out there that would buy it at $6 billion? Viacom sure wouldn't, Google maybe, Microsoft, very possibly.

11-15-2006, 11:26 AM	#13 (permalink)
Dudibob Dudibobber Join Date: Nov 2006 Location: my house Posts: 35 iTrader: (0)	i'd imagine Microsoft cause Live spaces has't taken off, just like Google Video didn't take off so they bought youtube...

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