Thursday, February 8, 2007

EBay, News Corp. Mull MySpace Deal

Online auctioneer eBay Inc. is in talks to supply electronic payments and auction features to the popular MySpace social network and other New Corp.'s online properties, according to people familiar with the situation.
The negotiations have been ongoing for months, a source said, but no deals have yet been reached.
The potential tie-up of two Internet behemoths is further affirmation that News Corp. (NWS) is trying to turn MySpace into a bigger money-making venture.

Read more http://www.smartmoney.com/bn/ON/index.cfm?story=ON-20070207-000779-1526

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