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Friday, February 4, 2011

MySpace for sale

’SPACED OUT: News Corp. has heard from a number of parties interested in acquiring MySpace, according to the parent company’s chief exec. "The plan to allow MySpace to reach its full potential may be best developed under a new ownership structure," CEO Chase Carey said in a conference call with financial analysts to discuss News Corp's Q2 earnings. "It could be a sale. It could be a new investor coming into it. It could be us staying in with a restructuring… The interest to date has ranged from 'A' to 'Z,' from industry players, financial players to foreign to domestic, and that's without really being out there. It's sort of incoming; we're not soliciting anything at this point." News Corp. made its ill-begotten acquisition of the site for $580 million in 2005. (2/4a)

 
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