Wall Street Wants Yahoo! To Do More Than Just Kick Terry Semel Upstairs To Be Chairman
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Wall Street wants Yahoo! to do more than just kick Terry Semel upstairs to be chairman. There seems, however, little pixy dust in the notion of Rupert Murdoch throwing MySpace into Yahoo in exchange for 25% of the combined operation. Murdoch paid $580 million for MySpace in 2005; the Yahoo! math values it at upwards of $10 billion. CNBC was first to pick up this rumor and by Wednesday Murdoch's own paper, The Times of London, was saying - based on unnamed sources - that the talks were 'preliminary' and pre-date Semel's departure. It also said the discussions could disintegrate in Semel's absence.
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Time added to seo24 archive: 09:40:43 - 25/06/2007 - Current server time: 10:33:01
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