Was MySpace Sold on the Cheap?
One of the site's co-founders offers new evidence that parent Intermix Media knew the $580 million it accepted from News Corp. was too low
When News Corp. (NWS) Chief Executive Rupert Murdoch paid $580 million for Intermix Media, parent of social network MySpace.com, talk was he overpaid. MySpace lacks a business model, and the cool kids who flock to the site will hit the road as soon as it sells out to Big Media—or so the argument ran.
When News Corp. (NWS) Chief Executive Rupert Murdoch paid $580 million for Intermix Media, parent of social network MySpace.com, talk was he overpaid. MySpace lacks a business model, and the cool kids who flock to the site will hit the road as soon as it sells out to Big Media—or so the argument ran.
posted by god_is_good478 at 10:06 AM
| 
0 Comments:
Post a Comment
<< Home