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Digital
50 parties interested in buying MySpace
By CMU Editorial | Published on Monday 7 February 2011
News Corp has hired investment bank Allen & Co to look into selling its flagging web firm MySpace, and according to Reuters it has been contacted by about 50 interested parties. It’s thought no actual offers have been made as yet, though the boss of one company which is known to have bid, JNJ Mobile, told the news agency he’d expect to pay anything between $50 million and $200 million. News Corp paid $580 million when it bought MySpace in 2005.
