Some analyst/media reaction to Intermix(MySpace) acquisition by Fox Interactive Media:
– Bambi Francisco: If next-generation media is about user-generated content, then MySpace.com may be the perfect centerpiece for tomorrow’s media conglomerates.
– Reuters: “For a company with a market capitalization of over $50 billion and $6 billion in revenue last quarter to pay $580 million for the fifth most widely viewed domain, that strikes me as reasonable,” said Natexis Bleichroeder analyst Alan Gould.
More later…
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