Deals
MySpace Sale May Fetch $200 Million, Suitor Says
This article is for subscribers only.
News Corp., which paid $580 million for MySpace in 2005, may end up selling the social network for $50 million to $200 million, said the chief executive officer of a potential acquirer.
MocoSpace, a Boston-based social network for mobile devices, contacted News Corp. after the New York-based company said Feb. 2 that it is considering strategic options for MySpace, said Justin Siegel, CEO of MocoSpace. News Corp. has agreed to talks about a possible sale, he said.