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Every day, we hear of yet another enormous company that's paid an even more unbelievable sum for an online entity that -- it often seems from where you and I are sitting -- doesn't actually generate much of an income. In the last few years, Yahoo! has bought MyBlogLog (for a rumoured $10-12 million), MusicMatch (for $160 million) and Flickr (for an undisclosed value); Google has snapped up Jaiku and MeasureMap for undisclosed sums, and YouTube for the much-touted figure of $1.65 billion.
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