No One Wants to Pay for MySpace, Partnership Possible
Date: Tuesday, June 07, 2011 @ 16:18:03 UTC

Rupert Murdoch's News Corp. is nearing a decision on a deal for MySpace, with a strategic partnership appearing more likely than an outright sale, the Wall Street Journal reported Monday, citing people familiar with the situation. Under such a deal structure, the entertainment conglomerate would retain a stake in MySpace. It has over the past few months looked at various deal options, including such a structure. News Corp. started accepting bids for MySpace around April, but many bids came in below the $100 million that the company was looking for, the Journal said. Complete Article

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