Feeds

MySpace bids expected this week

Six line up for knackered social network

The next step in data security

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. ®

Security for virtualized datacentres

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Special pleading against mass surveillance won't help anyone
Protecting journalists alone won't protect their sources
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
Bono: Apple will sort out monetising music where the labels failed
Remastered so hard it would be difficult or impossible to master it again
Vodafone to buy 140 Phones 4u stores from stricken retailer
887 jobs 'preserved' in the process, says administrator PwC
prev story

Whitepapers

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.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
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.