Los Angeles – News Corp. (NYSE: NWS) has heard from a number of parties
interested in acquiring its struggling MySpace social
network-turned-entertainment portal, with CEO Chase Carey noting yesterday on
the company’s earnings conference call that "the plan to allow MySpace to
reach its full potential may be best developed under a new ownership
structure," Agence-France Presse reported.
"The interest to date has
ranged from ‘A’ to ‘Z,’ from industry players, financial players to foreign to
domestic and that’s without really being out there. It’s sort of incoming,
we’re not soliciting anything at this point," Carey said.
Carey added that
News Corp. is considering a range of options for MySpace, including a
restructuring or taking on a new outside investor.
MySpace announced plans to
lay off nearly half of its workforce last month. News Corp. acquired the
company for $580 million in 2005.
Related Links:
http://tinyurl.com/4j9r99r
(AFP)
I think this should have been done long ago. TechRx says.