Thursday, February 3, 2011

News Corp's MySpace Sale Options Include New Investors, Management Buy-Out

News Corp. (NSDQ: NWS) is now definitely looking for a MySpace buyer - but may yet retain part of the site.

“With a new structure in place, now is the right time to consider strategic options for this business,” COO Chase Carey told analysts. “The new MySpace has been very well received by the market and we have some very encouraging metrics. But the plan to allow MySpace to reach it?s full potential may be best achieved under a new owner.”

haiti earthquake ipad world cup eiffel tower hearst castle

No comments:

Post a Comment