MySpace could be worth around $15 billion within three years, according to forecast made by a Wall Street media analyst.MySpace was acquired by Rupert Murdoch’s News Corp for $580 million less than a year ago.
Rohan said that MySpace could demonstrate a value of between $10 billion and $20 billion within a few years, basing the claim on the site’s “raw, unprecedented user/usage growth.”
He added that the site’s international appeal, combined with its capacity to become an “intellectual property distribution powerhouse” and experienced management team gave credence to his forecast.
Rohan’s view is based on an extrapolation of estimates of the value of internet properties ranging from $1 billion for YouTube and Facebook to the market capitalisation of $120 billion for Google.
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