Myspace will probably not be sold
The U.S. media company News Corp is having trouble selling its Myspace platform. The offers from prospective buyers are apparently well below the seller's expectations. The fire sale, which would result in heavy losses, is therefore unlikely to go through.
As recently as 2005, News Corp was prepared to fork out 580 million dollars for Myspace. Six years later, most interested parties are no longer willing to pay 100 million dollars for what was once the world's largest social network, as the industry service Pressetext writes. It refers to a report in the Wall Street Journal, according to which a sale still cannot be ruled out, but a strategic partnership is more likely. According to the newspaper, such a partnership could be concluded by the end of the month.
News Corps: Myspace to be sold
