Thursday, June 09, 2011

News Corp finds potential buyer for MySpace pig-in-a-poke

It looks like Rupert Murdoch has found a shoulder to take most of the effort of shoring up MySpace: a shadowy investment group which may or may not include Bobby Kotick is apparently the only bidder left in the game. Mr Murdoch's All Things D reckons Kotick - who is not wearing his Activision CEO hat for this one - and his other investors will take on 80 per cent of the declining property for a figure much lower than the USD100million that News Corp were pretending it might be worth.

Apparently the deal could still "fall apart" at any moment - perhaps if the shadowy investors suddenly go "hang about - MySpace isn't the one with the Like button and Farmville at all, is it?"

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