So he passed on Skype. He found it too expensive at three billion dollars. But Rupert Murdoch still wants VoIP, and that too within weeks. Could it be Vonage? At a Goldman Sachs Investor Conference, the wily old fox of media said that he expects his online sales to be between $500 to a billion dollars in next five years. Currently, the company gets about $100 million from online-related revenues. Given that he has spent over $1.1 billion and is looking to spend more on “search and VoIP”, I wonder if all this cash outlay is just a way to appease the Wall Street and heat up the lukewarm News Corp stock. Scott Rafer has some thoughts on Murdoch’s game plan – different from mine of course.
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