Friday, June 10, 2011

The CEO of Activision Blizzard interested in a buyout of MySpace

The skipper of the world's # 1 Video Game Activision Blizzard, controlled by Vivendi, is part of a group of investors in talks with media group News Corp to buy back her Web site MySpace, says All Things Digital, Thursday, June 9 . News Corp. confirmed in February that he was looking for a new owner for the MySpace social network, that hardly raise, after repositioned as a rendezvous for lovers of cultural events.

Citing sources familiar with the matter, the site specializes in writing that "News Corp. no longer discuss with an investor group" which included "the CEO of Activision, Bobby Kotick," for the sale of social networking site MySpace. According All Things Digital, Rupert Murdoch plans for now to retain a 20% interest in MySpace.

Mr. Kotick participates in negotiations in a personal capacity and not on behalf of Activision Blizzard, and if these negotiations were successful, it could take leadership roles in MySpace, adds the site information. The site cautions that Mr. Kotick will "probably need permission from Activision to make such an investment, even if he played a minor role in the end" in the group of investors.

MYSPACE FOR LOSS OF INGROUND Other possible candidates for the acquisition of MySpace, sources of AllThingsD. com mention the service Vevo music videos, a group of investors including the founder and former CEO Chris DeWolfe of MySpace, and several investment funds. The purchase price is not specified, but depending on the technology news site, "it is in no way close to the figure of 100 million dollars (69 million) that News Corp.

has expressed interest ". The Rupert Murdoch bought MySpace for $ 580 million (401 million) in 2005 when he was the first social networking site in the world, but has since been largely overtaken by Facebook, which has five times more users. In the last quarterly published in early May by News Corp., MySpace's results were included in a category with vague contours, "other".

Operating losses were dug 125 to 156 million dollars (86 to 108 million euros). This deterioration was largely due to "a decline in advertising revenue and search on MySpace," the group said.

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