Feeds

MySpace could be someone else's space soon

News Corp mulls spin-off, takeover or sale plans

Beginner's guide to SSL certificates

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. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Scrapping the Human Rights Act: What about privacy and freedom of expression?
Justice minister's attack to destroy ability to challenge state
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Hey Brit taxpayers. You just spent £4m on Central London ‘innovation playground’
Catapult me a Mojito, I feel an Digital Innovation coming on
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
EU probes Google’s Android omerta again: Talk now, or else
Spill those Android secrets, or we’ll fine you
prev story

Whitepapers

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.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.