Feeds

MySpace bids expected this week

Six line up for knackered social network

Next gen security for virtualised datacentres

Rupert Murdoch is hoping for bids this week for his undead social network MySpace.

News Corp has been trying to get shot of the site, or work out what to do with it since soon after buying it.

The media giant bought the social networking and music site at the height of its popularity as part of the takeover of Intermix in 2005. Murdoch paid $580m for the company. Since then its users and revenues have shrunk.

There are six possible bidders for the unsocial site, according to the Wall Street Journal.

These include three private equity firms - Thomas H Lee Partners, Redscout Ventures and Criterion Capital Partners LLC. Other possible bidders include a Chinese tech firm and music video site Veevo, but the WSJ reckons Veevo is less interested now.

Criterion of course bought Bebo, for a small fraction of the $850m which AOL paid for the British teensite. The price paid for Bebo was not released but it was described as "an exceptionally uninspiring number" with almost total "value destruction".

MySpace was all but absent from News Corp's latest earnings announcement, except for getting the blame for larger losses at the Digital Media Group. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.