According to numerous reports and a WebmasterWorld thread, Yahoo is rumored to be looking to acquire MySpace for 25% of its company stake, which apparently is equivalent to $12 billion.
With Yahoo's acquisitions of Flickr, del.icio.us, MyBlogLog, and Rivals.com, we're aware that Yahoo likes to involve itself in the social sphere. But we're not sure that MySpace is worth so much.
It will be interesting to see how this plays out and if Yahoo acquires the #1 social network, second to Facebook.
Forum discussion continues at WebmasterWorld.
