Feeds

MySpace bids expected this week

Six line up for knackered social network

Intelligent flash storage arrays

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
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
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
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
4chan outraged by Emma Watson nudie photo leak SCAM
In the immortal words of Shaggy, it wasn't me us ... amirite?
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.