Potential suitors lining up for MySpace | Chicago Breaking Business

News Corp. has tapped Allen & Co. to field buyout interest for MySpace and has heard from about 50 parties, people familiar with the process told Reuters Friday.

The global media conglomerate is considering a handful of options for MySpace, the once-hot Internet social network that has fallen far behind faster moving rival Facebook.
One source close to the process said an auction for MySpace has not started.

Justin Siegel, chief executive of JNJ Mobile, owner of MocoSpace, said Friday that he was among the interested parties to have reached out to News Corp. after the media company signaled it may put MySpace on the block.

Siegel said he expected to pay up to $200 million for MySpace, but admitted he was speculating.

“I would be willing to hazard a guess the price is between $50 million to $200 million,” Siegel said in an interview. “They have not circulated the sales package yet.”

MocoSpace said in November that Mark Jung, a former chief operating officer of News Corp.’s Fox Interactive Media, the division that includes MySpace, joined MocoSpace’s board.

News Corp. declined to comment.

Siegel, who co-founded the mobile social network MocoSpace, said he was also once interested in purchasing Bebo, another once hot Internet social network.

“We would’ve bought it if we had known what AOL was selling it for,” Siegel said. “We heard a rumor AOL was looking for $200 million. In reality they sold it for $10 million.”

He added: “If I had known that …  I would have shown up with a suitcase full of cash.”

SoftBank Capital and General Catalyst Partners are investors in MocoSpace. Bloomberg first reported MocoSpace’s interest.

Source : Google blogsearch

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Report: Mobile Social Net MocoSpace Interested in MySpace ...

Boston - MocoSpace, the Boston-based provider of a mobile social network, is considering buying MySpace from its parent News Corp., according to a report in GoMo News.

"MySpace was a pioneer in the social revolution and we think their business could be paired synergistically with our offerings," MocoSpace CEO, Justin Siegel, is quoted as saying the article.

"MocoSpace and MySpace would be a powerful combo in the social networking world."

MocoSpace was founded in 2005 by Siegel and Jamie Hall, who had previously co-founded and sold mobile gaming company JSmart Technlogies.

News Corp. reportedly has attracted interest from several parties interested in acquiring MySpace.

CEO Chase Carey said in an earnings conference call this week that "the plan to allow MySpace to reach its full potential may be best developed under a new ownership structure," as quoted by Agence-France Presse.

 

Related Links:
http://tinyurl.com/4c53sb9 (GoMo News)

http://www.mocospace.com

Source : Google blogsearch

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MySpace Could Be Bought by Giant Mobile Gaming Startup MocoSpace

MocoSpace seems like a fitting home for MySpace, but the bargain basement price MocoSpace would likely pay - compared to the $327 million Newscorp paid for it just over five years ago - has got to sting.

MySpace's mobile offerings could use a big kick in the pants. The company's recent iPhone app, for example, doesn't allow users to listen to music - surely one of the most popular requests its users would have.

If MySpace became a mobile network for listening to the world's popular and independent musicians on demand, that could be great news for users. That could also be a whole lot of licensing negotiations for a startup like MocoSpace to bite off.

Source : Google blogsearch

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Neowin.net - News Corp considering selling Myspace

Myspace's recent redesign appears to have received a lukewarm reception, as parent company News Corp is already looking into selling options, according to PaidContent. In an interview, COO Chase Carey admitted that "there's been a lot of interest" but News Corp will "consider all options" before making a move.

We’ll consider all options - not just a sale, it could be a sale, it could be an investor coming in to it, it could be us staying in with a restructured ownership structure with management. We think a fresh perspective would give them flexibility and an opportunity to get a new life consistent with the right-sizing of the product and the costs.

In previous discussions, Carey had told analysts that Myspace's redesign had been "well received" but "its full potential may best be achieved under a new owner."

The news comes following January's layoffs, reducing staff by 47%. Estimates place the decline in users in the region of 15% since last November. Meanwhile, Goldman Sachs announced last month that Facebook had reached over 600 million monthly active users, or 10% of the global population. Myspace has shown awareness of Facebook's stranglehold on social networking by introducing a Facebook Connect login service, allowing users to login with their Facebook account and transfer their "likes" over to Myspace. Facebook integration was unsuccessful for Bebo, however. A mere two years after purchasing the site for $850 million, AOL were forced to sell the site in 2010 for $10 million.

Source : Google blogsearch

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MySpace, News Corp., and Credibility : Beyond Search

February 4, 2011

I read “News Corp’s MySpace Sale Options Include New Investors, Management Buy-Out”. The story was clear. News Corp. is going to get rid of the social networking service. What caught my attention was this statement in the write up:

“The new MySpace has been very well received by the market and we have some very encouraging metrics. But the plan to allow MySpace to reach it’s full potential may be best achieved under a new owner.”

I had in my Overflight files a 2006 story in Fortune via CNNMoney.com called “News Corp. (Hearts) MySpace.” That story reported:

MySpace has simply exploded since the deal was done last July. Measured in terms of page views, MySpace has become the second-most popular site on the Internet â€" behind Yahoo!, but ahead of MSN, AOL and Google. It has 66 million members, and about 250,000 new ones sign up each day. That’s a mind-boggling growth trajectory for an Internet site that was launched less than three years ago. “It looks like the best acquisition we’ve made in a long, long time,” Peter Chernin, the second-in-command at News Corp., said in an interview with FORTUNE. “MySpace is the single biggest growth opportunity this company has.”

Has MySpace been the home run referenced in the 2006 story? I had tucked away a story call MySpace vs Facebook, which ran in HubPages. The original was offline when I checked this morning, but I found a copy of the 2009 article in the Google cache. TechCrunch reported in January 2009 that Facebook had 200 million unique worldwide visitors. The figure was twice MySpace’s traffic.

Short take: consumers vote with their clicks. In the click department, Facebook is at 500 or 600 million and MySpace is for sale. Does this case example shed light on the outlook for the News Corp. iPad newspaper. We think it does.

Stephen E Arnold, February 4, 2011

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MySpace for sale, News Corp has given up

Office 365 for Education: Leapfrogging the Competition #whymicrosoft

Office 365 for Education: Leapfrogging the Competition #whymicrosoft

BLOGS.TECHNET.COM - "Office 365 for Education, detailed today at the Microsoft Education Conference in London, makes the cloud a powerful platform for education and collaboration in a genuinely unified way that its competitors (cough, ahem, Google, cough, cough) just…

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Myspace emails all users begging them 2 come back. Will this save ...

myspace dead graveyard
I was recently checking out my email account, browsing thru emails, and I couldn't help but notice an old social network had emailed me. Usually my bros at twitter and facebook email me, but I hadn't heard from myspace lately. After so many fake spam accounts friended me for like 2 years straight, had to turn off all notifications bc I couldn't figure out to deactivate my account. Anyways, Myspace emailed me, begging me to come back, and they apparently emailed every1 who hasn't logged in2 Myspace got this email.

Here is the sad email from myspace.

We've missed you at MySpace lately. Plain and simple, we think you should come back. The new MySpace provides the best social entertainment experience on Earth. For serious. You can now follow your favorite topics in music, movies, celebs and TV and get instant updates from around the web. The new Myspace gives you custom recommendations so you can discover more of what you love and connect with new like-minded friends.

For serious? Cmon Myspaces.... yall will never change [via the SPAM aesthetic]

Do u believe them?
Has Myspace 'changed'?
Is Myspace 'ovr'?
Do u feel sad 2 think that ppl still use myspace?
R u gonna go back 2 myspace?
Is Tom 'rich off his ass'?
Do u think 1 day Zuckerberg is gonna send out a sad email begging u 2 get back on Facebook?
Will Jeff Twitter send u a direct message 2 get ur ass back on twitter?
Have yall checked out the new Myspace?
Is Myspace gonna 'bounce back' and replace Facebook?

Source : Google blogsearch

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