September 4

News Corp in talks over MySpace sale

first_imgTuesday 29 March 2011 8:38 pm Share KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald News Corp in talks over MySpace sale Show Comments ▼ NEWS Corp has held early-stage talks with US music video site Vevo over exchanging its ownership of beleaguered Myspace for a stake in a new venture.Rupert Murdoch’s firm has hired Allen & Co to advise it on a sale or spin-off of the former social network, now branded as an entertainment site.It is understood representatives for News Corp had initially contacted Vevo to see if they would be interested in purchasing all of Myspace a few weeks ago but were rebuffed. Since then, a joint venture has been proposed which could see News Corp spin off its stake into some sort of joint venture. One of the firm’s most valuable assets is Myspace Music, a joint venture between Myspace and the four major music label owners including Vivendi’s Universal Music Group, Sony Music Entertainment, Warner Music Group and EMI Music.Vevo is currently only available in the US and Canada, but the firm said this month it will be up and running in the UK “imminently”. The firm, run by a record label, has just under 60m video viewers per month in the US.According to recent statistics, Myspace lost a staggering 10m users in just a month at the start of this year. Last year it lost 50m users after being squeezed by Facebook, which has more than 500m users. Rupert Murdoch’s News Corp bought the company for $530m (£377m) in 2005. center_img Tags: NULL whatsapp More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi whatsapplast_img read more