Feeds

MySpace could be someone else's space soon

News Corp mulls spin-off, takeover or sale plans

Top three mobile application threats

MySpace management confirmed yesterday that it is considering selling the ailing website, following the firm’s decision to lay off half of its 1,000-strong workforce earlier this week.

“News Corp is assessing a number of possibilities, including a sale, a merger and a spinout,” a spokeswoman at MySpace’s parent company said, according to a Bloomberg report.

The company has only just kicked off the “process” she added, and talks between MySpace and News Corp are at a preliminary stage.

But the decision comes as little surprise, given the number of job cuts undertaken at the California-based firm, which came just a few months after MySpace relaunched as an entertainment portal in October last year.

As we reported yesterday, the company is busy inking deals with “local” partners in the UK, Germany and Australia, so that the firm can manage ad sales and content in those regions. If a spin-off was to happen, these agreements, once in place, could prove to be critical to MySpace’s future.

Google similarly threw MySpace a lifeline of sorts late last year when it agreed to a multi-year search and advertising deal with the struggling web outfit.

However, MySpace might want to get its online estate in order first. Since the revamp, the site has proved much slower to navigate according to sporadic reports about the portal. That said, the company has claimed more than three million new sign-ups since the redesign.

Meanwhile, Bloomberg said that News Corp has tasked its executive veep of ops Jack Kennedy with the job of speaking to would-be suitors. ®

Top three mobile application threats

More from The Register

next story
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.