Myspace for sale
Thursday, Jan 13th 2011 at 8:36AMParent company News Corp, which paid $560m (?358m) for Myspace in 2005, is planning a sale, a merger or a spin-off.
Bloomberg reports that CEO Mike Jones briefed employees about the plans and added that News Corp EVP of operations Jack Kennedy has been tasked with seeking out potential buyers.
If the service fails to sell, there is a possibility that it could be spun off into a "free-standing company" in which remaining staff members are offered a stake.
Bloomberg ...
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