Myspace Speculation Continues; No Official Word Yet
Here’s the latest on Myspace: The floundering social network has not been officially sold, nor have rumored layoffs been officially announced, but that doesn’t mean the (still, for now) News Corp.-owned company hasn’t been in the news.
Here’s the latest on Myspace: The floundering social network has not been officially sold, nor have rumored layoffs been officially announced, but that doesn’t mean the (still, for now) News Corp.-owned company hasn’t been in the news.
The $100 million News Corp. was seeking for Myspace is apparently a pipe dream, as AllThingsD reported that the sale price will likely fall in the $20 million-$30 million range, possibly topping out at $35 million.
AllThingsD also pegged lesser-known companies Specific Media and Golden Gate Capital as the likely buyers, saying music will remain the focus at Myspace and adding that staff cuts of at least 50 percent are probable.
On the subject of layoffs, TechCrunch reported that at least 150 of Myspace’s total of some 400 employees, or 37.5
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