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Friday, April 29, 2011

MySpace bids coming in

A SITE FOR SORE EYES: A half-dozen suitors are expected to submit bids for MySpace by the end of this week (hey, that’s today), the Wall Street Journal reports. Sources told that the bidders include WMG major owners Thomas H. Lee Partners, Criterion Capital Partners, which owns social network Bebo, and Redscout Ventures. The once-groundbreaking but now beleaguered site also reportedly drew initial interest from Vevo, and "a Chinese Internet company kicked the tires as well. Parent company News Corp. has set a $100 million minimum bid price, according to sources. (4/29a)

 
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