News Corp. Said to Approach Vevo.com About Myspace Joint Venture

News Corp. is in talks to hand over control of Myspace to Vevo.com, the online music website partly owned by the world’s biggest record companies, according to three people with knowledge of the situation.

The talks are preliminary and an agreement may not be reached, said the people, who weren’t authorized to speak publicly. Under the scenario being discussed, News Corp. would exchange the Myspace social network for a stake in a new venture, the people said. Vevo.com is one of several parties looking at Myspace, two of the people said.