News Corp is mulling sale of MySpace

first_imgTuesday 30 November 2010 8:18 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesNoteabley25 Funny Notes Written By StrangersNoteableyMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGem Show Comments ▼ Tags: NULL KCS-content News Corp is mulling sale of MySpace center_img whatsapp whatsapp Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof NEWS Corp has admitted it is considering a sale of its embattled MySpace social network after spending millions relaunching it as an entertainment site.Chief operating officer Chase Carey said he would be open to discussions over a sale or partnership, with web giants Yahoo and AOL linked to a deal.It is not clear how much News Corp would expect to receive for the site but it would be a fraction of the $580m that it paid for it five years ago.Carey said: “There are opportunities here to do 20 things but that doesn’t mean you’re going to do any of the 20. If there’s something there that makes sense you ought to think about it.”The admission is a stark change of tack for News Corp, which has repeatedly denied suggestions it is trying to offload the social network.MySpace has fallen from being one of the internet’s fastest growing sites to an embarrassing weight around Rupert Murdoch’s neck in just five years. It has suffered from intense competition from Facebook, which now has more than 500m users, and Twitter.Last month Facebook had 151m unique users, compared to just 60m at MySpace.Analysts have been speculating for years that it will end up going the same way as Bebo – also a once promising social network – which AOL has sold for a fraction of the $850m it paid in 2008.MySpace has also lost several top executives including co-president Jason Hirschhorn in June. Hirschhorn, with fellow co-president Mike Jones, replaced former chief executive Owen Van Natta just four months earlier. last_img

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