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The greater the rumor that MySpace will be sold and is looking for potential buyers, as News Corp. was off more employees from the social networking site.
NEW YORK - The big rumor that MySpace will be sold and is looking for potential buyers, as News Corp. was off more employees from the social networking site.
MySpace was bought by 'King of Media' Rupert Murdoch in 2005 amounted to USD580 million. Since 2008, MySpace increasingly unable to compete with Facebook.
The re-launch by the end of 2010 and still failed to attract users back to them. Similarly, as quoted from
Mike Jones, CEO of MySpace now has confirmed that News Corp is considering the fate of MySpace.
"We are looking for some strategic move for MySpace business, which includes a sale or merger," said a spokesman from MySpace, as quoted by Yahoo News, Friday (01/14/2011).
Analysts think that companies which want to take risk to buy MySpace who are now dying. But clearly the price of MySpace will be far from the price of USD580 million issued by News Corp in 2005.
By sari, okezone.com, Updated: 1/13/2011 7:48 AM

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