News Corp Selling MySpace For $100 million
News Corp is one of the big names in the media. They purchased MySpace back in 2005 for cool $580 million and now they are willing to sell it only for $100 million. Back in those days, Facebook was not very popular. They had not obtained their own 'Facebook.com' url as well. Those were the time MySpace had a record number of visitors and users per month. But the times changed and MySpace traffic started declining and man users jumped from MySpace to Facebook.
Today, even Twitter generates more traffic than MySpace and News Corp is no longer interested in running the company. Who do you think will buy MySpace? Does it make sense for Facebook to buy Myspace?
Today, even Twitter generates more traffic than MySpace and News Corp is no longer interested in running the company. Who do you think will buy MySpace? Does it make sense for Facebook to buy Myspace?
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