MySpace for Sale? (Silicon Alley Insider)

News Corp. chairman Rupert Murdoch reportedly wants to sell MySpace, and could be asking private equity firms for $700 million for the social network. A company rep said: “News Corp. is committed to MySpace and is not seeking a buyer.” TechCrunch: Lots of scuttlebutt around Silicon Valley that new investment bank CODE Advisors is out pitching a MySpace spinoff to potential buyers and investors.

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