Last year, Rupert Murdoch paid $649 million to acquire MySpace.com. Many observers (me included) thought he was nuts to pay so much for such a wacky property. Yesterday, Google announced that it would pay $900 million over three years for the privilege of providing search services on MySpace. However much one loathes and detests the Digger, you have to admit that, as a businessman, the man’s a genius.
Sad, but true. Sigh.