Sad MySpace Has Just One Bidder
After six months of trying to sell itself, animated GIF emporium MySpace has exactly one potential buyer, who only wants to buy part of MySpace, and at a very steep discount. This is getting rather pathetic.
Barely a month ago, MySpace owner News Corp. said it would accept no less than $100 million for its dying social network, for which it paid $580 million in 2005.
But now the last interested party, a group possibly including Activision CEO Robert Kotick, is negotiating a price "nowhere near" that high, according to All Things Digital. And News Corp. would end up still holding around 20 percent of MySpace. Also, the deal "is not final and could easily fall apart." Might we suggest eBay?
