News Corp exploring options for Myspace
January 14th, 2011 | 
Author: NEW YORK – NEWS Corp said on Thursday it is exploring ’strategic options’ for Myspace amid reports it is considering a sale, merger or spinoff of the ailing social network. The reports that News Corp is looking to sell Myspace, which it bought for US$580 million (S$746 million) in 2005, only to see it be eclipsed by Facebook, surfaced a day after the social network cut 500 employees, nearly 50 …
Published Jan 13, 2011.
Read more: Straits Times
Posted in Television News News