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?

Myspace died several years ago. It is worth pennies nowadays. :2 cents:

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

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

WTS PR9 links (pulled?)

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

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

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.

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.
:2 cents:

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

AFF should buy it

think of what they could do with it

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.

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.

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

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

Typical play when it lose it's value.

http://traffic.alexa.com/graph?&w=40...u=myspace.com&


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. :upsidedow

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

Maybe WEG Cash will purchase it? =]

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

You mean you didn't like your page filled with graphics like this?
http://ohiok.com/img//sexynflirty/3.gif
:1orglaugh:1orglaugh

Oh ! kewl !


here is another one ;)

http://i.dailymail.co.uk/i/pix/2011/02_03/ohjoy.gif

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.

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.

yeah what the fuck is that all about

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.
:2 cents:

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

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

I offered Myspace $10 Million and they passed