The rumours had been around for sometime now that Yahoo! was going to acquire Facebook. According to BusinessWeekOnline.com, Yahoo! initially offered Facebook $1.4 billion dollars. This, was because of the resounding success of MySpace – be it about revenues through ads or promoting News Corp’s other businesses. MySpace is such a success story that it [...]
The Italian government has floated a new conflict of interest law that may weaken Silvio Berlusconi’s dominance of the Italian television and help rival media baron Rupert Murdoch, Chairman and CEO of News Corp in the country. Under the proposed law that is targeted particularly to end Berlusconi’s stranglehold in Italian TV, there is a [...]
The battle for the Wall Street Journal isn’t seems to end up early as the scenes in the drama are changing quite frequently. It was expecting that Murdoch would clinch the deal, but Bancroft family is doing everything possible to stop News Corp’s frowning foray. Bancroft family, which was jazzed up for not finding an [...]
After so many initial hiccups and kinks, finally, Rupert Murdoch achieved his decades-long dream of running the venerable Wall Street Journal, as Dow Jones accepted his $5 billion buyout bid. The board decided to accept the offer at a meeting late night, shortly after News Corp.’s board approved the deal. Murdoch spent the past three [...]
