But where's the part in this story about adding real value for customers?
“In one fell swoop, we have paid for two-thirds of our Internet acquisitions,” Peter Chernin, the company’s president, said in a conference call with investors and reporters yesterday.
The News Corporation paid $649 million last year to buy the parent company of MySpace. It has now spent a total of $1.3 billion to buy Internet companies that also include IGN.com, a game site, and Scout, a series of local sports sites.
Source: Google Deal Will Give News Corp. Huge Payoff - New York Times
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