Myspace for sale...bidders anyone? - GoFuckYourself.com

xxxjay · 04-26-2011, 05:03 PM

http://mashable.com/2011/04/26/myspace-bidding-begins/

A handful of venture capital firms and other companies are expected to make News Corp offers for one of its most disappointing properties: MySpace.

News Corp declared it was ready to sell MySpace in an earnings call last February. At that time, in spite of significant layoffs and a massive redesign, the company “recorded a $275 million pre-tax charge for the impairment of goodwill related to the Digital Media Group and an organizational restructuring at MySpace.”

Now, The Wall Street Journal, which shares a parent company with the faltering social network, is reporting that News Corp is attempting to get at least $100 million out of the sale. It names Redscout Ventures, Thomas H. Lee Partners, and Criterion Capital Partners LLC , which also owns Bebo, as potential buyers.

News Corp purchased MySpace in 2005 for $580 million. At that time, the year-and-a-half-old Facebook hadn’t even acquired the Facebook.com URL and recorded a net loss of $3.63 million for the year. Even as late as 2007, Facebook’s traffic was disappointing when compared to traffic on MySpace.

But all that changed quickly. MySpace users began abandoning ship for Facebook, and in late 2009, site traffic took a dive from which it never really recovered. By 2010, even relative upstart Twitter was getting more traffic than MySpace.

Even though the network has pivoted to become an entertainment destination (in a nod to the bands and filmmakers that have clung to the platform out of habit or necessity), MySpace is still losing ground in these creative industries.

We’ll continue to keep an ear to the ground for MySpace news. Do you think News Corp will find a bidder to meet its $100 million asking price?

Eldon Hoke · 04-26-2011, 05:05 PM

Myspace died several years ago. It is worth pennies nowadays.

Fuck funding News Corp. Rupert Murdoch can go suck one.

wehateporn · 04-26-2011, 05:09 PM

I'd need to know the hosting costs if you've got them, I might be able to break even if I sell a few links on it

TMM_John · 04-26-2011, 05:53 PM

WTS PR9 links (pulled?)

Dejan · 04-26-2011, 05:55 PM

How much money did News Corp made from 6 years revenue?

Quote:

Originally Posted by Eldon Hoke

Myspace died several years ago. It is worth pennies nowadays.

Fuck funding News Corp. Rupert Murdoch can go suck one.

What the fuck does it mean several years ago? In 2004?

Horny Dude · 04-26-2011, 06:55 PM

I heard a rumor that Vemo was looking to buy MySpace and turn it into a music lovers site, sort of like Ping on iTunes. Mostly bands use Myspace now so it seems like it would be a good fit.

NaughtyRob · 04-26-2011, 06:58 PM

No way its worth $100M now.

Barefootsies · 04-26-2011, 07:00 PM

Quote:

Originally Posted by NaughtyRob

No way its worth $100M now.

That depends on your business model chief.

I am sure there is endless emails, and data mining information gathered over the years. For the right company, that would be pure gold and they would make a lot more than 100M in a short period of time.

You simply have to know what to do with all of that information.

datatank · 04-26-2011, 07:17 PM

The music angle seems like the way to go.

The users, bands and traffic could be worth a killing to some one that can turn it around

datatank · 04-26-2011, 07:18 PM

AFF should buy it

think of what they could do with it

cherrylula · 04-26-2011, 07:29 PM

Myspace letting people decorate their pages with all those shitty ugly graphics is what really made the site fail imo. Fuck those ugly pages with slow loading crap.

pornmasta · 04-26-2011, 07:38 PM

Quote:

Originally Posted by Eldon Hoke

Myspace died several years ago. It is worth pennies nowadays.

Fuck funding News Corp. Rupert Murdoch can go suck one.

http://www.alexa.com/siteinfo/myspace.com#

Still top 74

Don't worry it will happen the same thing with facebooble (shit this domain name is already used) in 2 or 3 years.

Seth Manson · 04-26-2011, 08:21 PM

I'm probably going to lose money on this, but I'll give them a hundred dollars for it.

Cyber Fucker · 04-26-2011, 08:35 PM

Facebook killed Myspace, must be worth now much less than in the past.

Typical play when it lose it's value.

I've seen it hundreds of times, especially here on GFY but I never post what I think because I'm not an asshole... but I guess Myspace owners don't post here so I can this time.

pornmasta · 04-26-2011, 08:40 PM

Quote:

Originally Posted by Cyber Fucker

Facebook killed Myspace, must be worth now much less than in the past.

Typical play when it lose it's value.

The traffic is of course important, but what's the real value of facebook ?

FreeHugeMovies · 04-26-2011, 08:45 PM

Maybe WEG Cash will purchase it? =]

Cyber Fucker · 04-26-2011, 08:52 PM

Quote:

Originally Posted by pornmasta

The traffic is of course important, but what's the real value of facebook ?

It's worth equally to the amount of money that someone is willing to give for it.

I think it's impossible to exactly estimate the value of such huge online business, it's also hard to predict its future prospects, everything can change very quickly.

pornmasta · 04-26-2011, 08:55 PM

Quote:

Originally Posted by Cyber Fucker

It's worth equally to the amount of money that someone is willing to give for it.

I think it's impossible to exactly estimate the value of such huge online business, it's also hard to predict its future prospects, everything can change very quickly.

indeed.

http://en.wikipedia.org/wiki/Economic_bubble

Horny Dude · 04-26-2011, 10:12 PM

Quote:

Originally Posted by cherrylula

Myspace letting people decorate their pages with all those shitty ugly graphics is what really made the site fail imo. Fuck those ugly pages with slow loading crap.

You mean you didn't like your page filled with graphics like this?

pornmasta · 04-26-2011, 10:18 PM

Quote:

Originally Posted by Horny Dude

You mean you didn't like your page filled with graphics like this?

Oh ! kewl !

here is another one ;)

GARY LEE · 04-26-2011, 10:39 PM

My space is like playboy. They had it all and didn't keep up with technology or for that matter anything. Now companies like facebook and hustler pay their bills while myspace sits and dreams of what was. At least playboy has a mansion, even if it's nothing but collateral for their loans.

pornmasta · 04-26-2011, 10:52 PM

Quote:

Originally Posted by GARY LEE

Now companies like facebook * pay their bills

How is calcultated the value of facebook ?

The number of users ?
It is suspicious

revenues ? 2000M in 2010 (but it is secret (yes) )
but facebook is supposed to worth 50 000 M ?
I bet the the traffic of the website will decrease.

madawgz · 04-26-2011, 11:45 PM

Quote:

Originally Posted by cherrylula

Myspace letting people decorate their pages with all those shitty ugly graphics is what really made the site fail imo. Fuck those ugly pages with slow loading crap.

yeah what the fuck is that all about

taken300 · 04-27-2011, 12:49 AM

Myspace lost its value.. these people made several changes still users shifting to other platforms... They would have sold it when it was on top heights.. lol!! I wonder if someone interested in buying it now.

Barefootsies · 04-27-2011, 01:46 PM

Quote:

Originally Posted by taken300

Myspace lost its value.. these people made several changes still users shifting to other platforms... They would have sold it when it was on top heights.. lol!! I wonder if someone interested in buying it now.

Yes, there will be. User data and emails is pure gold if you know how to use it.

nikki99 · 04-27-2011, 02:10 PM

I used to make some sales of my music album thanks to myspace

http://www.cdbaby.com/cd/edonis

hollywoodskincompany · 05-08-2011, 02:10 PM

I offered Myspace $10 Million and they passed

04-26-2011, 05:03 PM	#1
xxxjay Tube groupie. Industry Role: Join Date: Aug 2002 Location: LoScandalous, CA Posts: 13,483	Myspace for sale...bidders anyone? http://mashable.com/2011/04/26/myspace-bidding-begins/ A handful of venture capital firms and other companies are expected to make News Corp offers for one of its most disappointing properties: MySpace. News Corp declared it was ready to sell MySpace in an earnings call last February. At that time, in spite of significant layoffs and a massive redesign, the company “recorded a $275 million pre-tax charge for the impairment of goodwill related to the Digital Media Group and an organizational restructuring at MySpace.” Now, The Wall Street Journal, which shares a parent company with the faltering social network, is reporting that News Corp is attempting to get at least $100 million out of the sale. It names Redscout Ventures, Thomas H. Lee Partners, and Criterion Capital Partners LLC , which also owns Bebo, as potential buyers. News Corp purchased MySpace in 2005 for $580 million. At that time, the year-and-a-half-old Facebook hadn’t even acquired the Facebook.com URL and recorded a net loss of $3.63 million for the year. Even as late as 2007, Facebook’s traffic was disappointing when compared to traffic on MySpace. But all that changed quickly. MySpace users began abandoning ship for Facebook, and in late 2009, site traffic took a dive from which it never really recovered. By 2010, even relative upstart Twitter was getting more traffic than MySpace. Even though the network has pivoted to become an entertainment destination (in a nod to the bands and filmmakers that have clung to the platform out of habit or necessity), MySpace is still losing ground in these creative industries. We’ll continue to keep an ear to the ground for MySpace news. Do you think News Corp will find a bidder to meet its $100 million asking price? __________________ http://donttellmehowtoruinmylife.com/ - http://www.jmdigitalmarketing.com/my...s-and-reviews/ - http://www.wouldyouhitit.org - http://shinyobjectreviews.com/ Last edited by xxxjay; 04-26-2011 at 05:06 PM..

04-26-2011, 05:09 PM	#3
wehateporn Promoting Debate on GFY Industry Role: Join Date: Apr 2007 Posts: 27,173	I'd need to know the hosting costs if you've got them, I might be able to break even if I sell a few links on it __________________ Sexy Girls Teasing Last edited by wehateporn; 04-26-2011 at 05:11 PM..

04-26-2011, 05:53 PM	#4
TMM_John Confirmed User Industry Role: Join Date: May 2004 Posts: 6,658	WTS PR9 links (pulled?) __________________ Skype: JohnA1078 Too Much Media - Makers of the Industry's Leading Payite Management Platform, NATS!

04-26-2011, 06:55 PM	#6
Horny Dude Earn enough to buy coffee Industry Role: Join Date: May 2002 Location: San Diego, Ca. Posts: 4,912	I heard a rumor that Vemo was looking to buy MySpace and turn it into a music lovers site, sort of like Ping on iTunes. Mostly bands use Myspace now so it seems like it would be a good fit. __________________

04-26-2011, 06:58 PM	#7
NaughtyRob Two fresh affiliate progs Industry Role: Join Date: Nov 2004 Location: Inside teen pussy Posts: 29,602	No way its worth $100M now. __________________ [email protected] Skype: 17026955414 Vacares Web Hosting - Protect Your Ass with Included Daily Backups

04-26-2011, 05:05 PM	#2
Eldon Hoke Confirmed User Industry Role: Join Date: Mar 2011 Posts: 323	Myspace died several years ago. It is worth pennies nowadays. Fuck funding News Corp. Rupert Murdoch can go suck one.

04-26-2011, 07:17 PM	#9
datatank Confirmed User Join Date: Aug 2004 Location: My dog is blacker than Tupac Posts: 5,471	The music angle seems like the way to go. The users, bands and traffic could be worth a killing to some one that can turn it around

04-26-2011, 07:18 PM	#10
datatank Confirmed User Join Date: Aug 2004 Location: My dog is blacker than Tupac Posts: 5,471	AFF should buy it think of what they could do with it

04-26-2011, 07:29 PM	#11
cherrylula lol Industry Role: Join Date: Jan 2002 Posts: 15,969	Myspace letting people decorate their pages with all those shitty ugly graphics is what really made the site fail imo. Fuck those ugly pages with slow loading crap.

04-26-2011, 08:21 PM	#13
Seth Manson Please dont fuck animals Industry Role: Join Date: Jul 2010 Location: Henderson, NV Posts: 3,988	I'm probably going to lose money on this, but I'll give them a hundred dollars for it. __________________

04-26-2011, 08:35 PM	#14
Cyber Fucker Hmm Industry Role: Join Date: Sep 2005 Location: On an endless road around the world for rock and roll. Posts: 12,642	Facebook killed Myspace, must be worth now much less than in the past. Typical play when it lose it's value. I've seen it hundreds of times, especially here on GFY but I never post what I think because I'm not an asshole... but I guess Myspace owners don't post here so I can this time. __________________

04-26-2011, 08:45 PM	#16
FreeHugeMovies Too lazy to set a custom title Join Date: Dec 2001 Location: Charlotte, NC Posts: 14,137	Maybe WEG Cash will purchase it? =]

04-26-2011, 10:39 PM	#21
GARY LEE Confirmed User Industry Role: Join Date: Aug 2007 Location: Paso Robles, CA. U.S.A. Posts: 600	My space is like playboy. They had it all and didn't keep up with technology or for that matter anything. Now companies like facebook and hustler pay their bills while myspace sits and dreams of what was. At least playboy has a mansion, even if it's nothing but collateral for their loans. __________________ amateur porn videos lipstick lesbians

04-27-2011, 12:49 AM	#24
taken300 Confirmed User Industry Role: Join Date: Oct 2009 Posts: 989	Myspace lost its value.. these people made several changes still users shifting to other platforms... They would have sold it when it was on top heights.. lol!! I wonder if someone interested in buying it now. __________________ Search Engine Optimization Services - Mainstream and Adult !! Submission to 100 Adult Link Dump Sites- No reciprocal link required 100 Animoto Videos + Youtube Upload + 1 website link every video = $110 ICQ : 374041243 Skype : ardendo1 Gtalk : seojoint@gmail(dot)com (remove "*") Sex Cams Free Sex Cam Sex Cams

04-27-2011, 02:10 PM	#26
nikki99 Supermodel Industry Role: Join Date: Nov 2004 Location: Sodoma & Gomorra Posts: 22,831	I used to make some sales of my music album thanks to myspace http://www.cdbaby.com/cd/edonis __________________ SMC Revenue - Best Tgirl websites of the world now VR Non exclusive BIG Tranny/shemale Package for sale, full 2257 - hit me up skype: nikkimontero

05-08-2011, 02:10 PM	#27
hollywoodskincompany Confirmed User Industry Role: Join Date: Feb 2011 Location: Hollywood Posts: 133	I offered Myspace $10 Million and they passed __________________ HollywoodSkinCompany.com Follow us on Twitter http://www.twitter.com/hollywoodskinco Submit Porn News Here [email protected]