OFFLINE

MySpace is on the auction block.  At drastically-reduced prices.


WSJ: Half Dozen Myspace Bids Expected by Week's End

New York - The Wall Street Journal reports that half a dozen suitors are expected to submit bids for News Corp.'s (NYSE: NWS) Myspace by week's end, citing people familiar with the matter. Sources told The Journal that bidders include private equity firm Thomas H. Lee Partners, Redscout Ventures and Criterion Capital Partners, which owns social network Bebo.

News Corp. has also reportedly held talks with "a Chinese Internet company" about Myspace, while sources said that music video portal joint venture Vevo initially expressed interest that has since "waned."

A prospective suitor told The Journal that News Corp., which paid $580 million to acquire Myspace in 2005, has set a minimum bid price of $100 million.

A deal could see News Corp. retain an undetermined stake in Myspace, while plans for the service after it has been acquired remain unclear, according to The Journal's sources.

OFFLINE

I'll bet Wal*Mart picks it up ...

OFFLINE

Originally Posted by Teri Lacy:
I'll bet Wal*Mart picks it up ...

ah ha ha ha ha..... man they sure screwed it up.........

OFFLINE

Originally Posted by Jann Morrison Kostka:

Originally Posted by Teri Lacy:
I'll bet Wal*Mart picks it up ...

ah ha ha ha ha..... man they sure screwed it up.........

I guess the Chinese internet company turned it down because they've already lost enough members ... and after they got through censoring it, there'd be nothing left.

And what little that would be left would be in Mandarin.

How do you say "MySpace: A Place for Comrades" in Chinese?