News Corp Might Be Looking To Un-Friend MySpace
I suspect that MySpace has been available for any interested buyers for a while.
The bigger question is why did it take this long for News Corp to figure out they vastly overpaid by about $580 million in July 2005.
Didn’t anyone look at the awful graphics on that site and how little uniformity there were to member pages. I mean that thing looked like a mess from day one.
Live and learn. At least New Corp only paid millions and not the billions that some greater fools are think of paying for other sites today (on what planet is coupon special offers worth a rumored $2.5 billion??).
News Corp is looking at its social media options, with reports that the company is open to offers for MySpace.
The news comes directly from News Corp Chief Operating Officer Chase Carey, who told Reuters that he would be open to discussions about a sale or a possible partnership to take MySpace forward.
MySpace was recently relaunched and rebranded as an entertainment site and, most interestingly, as a complementary social network to market leader Facebook.
Around 60 million people visited MySpace in October according to the latest comScore figures. Around 151 million people are currently visiting Facebook each month.
“There are opportunities here to do 20 things (with MySpace) but that doesn’t mean you’re going to do any of the 20,” said the News Corp boss.
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