Six potential buyers somehow found for MySpace

Social Media, Tech Digest news


The knackered social platform MySpace is up for sale – and owner News Corp has somehow managed to round up six potential bidders.

Rupert Murdoch’s company paid $580 million for MySpace in 2005, when it was at the peak of its popularity. Afterwards, however the site has developed into a bit of a dud.

Six parties are now thought to be looking at a bid, according to the Wall Street Journal, but they are unlikely to pay anything close to what Murdoch originally coughed up.

The possible bidders include private equity groups Thomas H Lee Partners, Redscout Ventures and Bebo-owner Criterion Capital Partners, plus Veevo, a Chinese technology group.

Good luck to them – they are going to need it.

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