Google Gets MySpace

Google + MySpace = ~ 1 Billion Dollar deal. MySpace already makes $350 Million a year in revenues, but a Google deal will add a great deal of structure to their advertising.

Of course, this just pushed the valuations of FaceBook and YouTube up another notch as well. Some exits are in the wings for sure!

Further readings at:

GigaOm, WSJ, NYTimes, FT, Mercury News.