Walmart's New Health Food Push: Is It Too Hard to Swallow?
Bonds Are a 'Safe' Investment: A Big Lie Gets Even Bigger
Ross Levinsohn did something remarkable: that is, made a traditional media company relevant in the midst of the dot-com revolution.
As head of News Corporation (NYSE:NWS)'s Fox Interactive Media division, he was responsible for the purchase of MySpace.
The deal was truck a year-and-a-half ago (although, that is a long time in Internet years). And the price tag was dirt cheap -- $580 million (although, at the time, analysts thought it was too expensive).
Of course, it turned out to be one of the savviest deals in M&A lore. In fact, some say MySpace is worth in excess of $5 billion.
So, what next for Levinsohn? He hasn't said anything yet.
But, of course, he has a golden resume -- and could work anywhere. Or, I'm sure he could raise a ton of money and start his own gig.
Tom Taulli is the author of various books, including the Complete M&A Handbook and operates InvestorOffering.com.
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
