[zhyder]

"Most of Myspace's user base (and thus value) was added since the acquisition."

How many of those new users were because of News Corp's acquisition? If majority of those users would be added anyway (if it was just a matter of time), and an astute investor could predict that, its valuation of $580m or even more would be justified.

Today most financial publications believe Murdoch got Myspace for a bargain.

[cellis]

bargain? he got it for a steal. Even sumner redstone (notoriously suspicious of the web "hmm what is that nuisiance stealing from my billions??") said it was worth 1.5B -- conversations with Michael Eisner.