Feeds

MySpace could be someone else's space soon

News Corp mulls spin-off, takeover or sale plans

Remote control for virtualized desktops

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. ®

Intelligent flash storage arrays

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Big Content outs piracy hotbeds: São Paulo, Beijing ... TORONTO?
MPAA calls Canadians a bunch of bootlegging movie thieves
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Verizon bankrolls tech news site, bans tech's biggest stories
No agenda here. Just don't ever mention Net neutrality or spying, ok?
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
Simplify SSL certificate management across the enterprise
Simple steps to take control of SSL across the enterprise, and recommendations for a management platform for full visibility and single-point of control for these Certificates.