By Rick Aristotle Munarriz (TMF Edible)
August 16, 2005
Last week, News Corp. (NYSE: NWS) figured that it would be able to pull another new-economy rabbit out of Rupert Murdoch’s hat. Just a month after announcing that it would be acquiring Intermix (AMEX: MIX) to land social networking site MySpace.com, it was revealed that Murdoch’s company was talking to Skype about a buyout.
With a $3 billion price tag being batted about, it now seems as if Skype’s most likely course is to test the market’s open waters and go public. It is now in talks with Morgan Stanley to discuss its next move.
What is Skype? Why did Murdoch want in so badly? What will it all mean to you? If you don’t know the answer to all three questions, look alive. That’s where I’m going next.(more…)