Myspace Eyed by Investor Group
News Corporation has been trying to get rid of the money pit that is Myspace for months now. As time ticks down on its fiscal year (it ends June 30th), a group of investors has apparently emerged as the frontrunner to acquire the site. The Wall Street Journal reports that the group, which might include an executive from Activision, features three other parties:
Some other suitors who have remained interested in recent weeks include private-equity firm Criterion Capital Partners LLC and social networks Tagged Inc.
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