Wednesday, April 27, 2011

News Corp. expects $ 100 million sale of MySpace

The News Corporation of Rupert Murdoch expects little more than $ 100 million (68 million euros) from the sale of Myspace, he bought $ 580 million (395 million euros) in 2005, says, Tuesday, April 26, the Wall Street Journal (paid access) clarifying that purchase proposals were expected in the week. The newspaper, citing people familiar with the case, "a half-dozen funds and companies should submit proposals," whose funds Criterion Capital, which bought the site similar to AOL Bebo in June 2010.

SITE IN LOSS OF SPEED News Corp. confirmed in February that he was looking for a new owner for the MySpace social network, he struggles to revive, having repositioned as a rendezvous for lovers cultural events. MySpace, bought when he was the first social network, has since largely been overtaken by Facebook, which has five times more users.

In the quarterly published by News Corp., so the results of MySpace appeared in a category with vague outlines "other". Operating losses were dug 125 to 156 million dollars (85 to 106 million euros). This deterioration was largely due to "a decline in advertising revenue and search on MySpace," the group said.

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