Thursday, June 9, 2011

Exclusive: Myspace in Advanced Deal Talks With Investor Group, Including Activision's Kotick

And then there was one?

According to sources close to the situation, News Corp. is down to one possible investing group in its quest to make lemonade out of the lemon that its Myspace social entertainment hub has become.

In the lastest of many scenarios considered, several sources said its owner, News Corp., will continue to own about 20 percent of Myspace. The main bidder is a dark horse bidding group, which includes Activision Chairman and CEO Bobby Kotick as one of the potential investors.

Jennifer ODell Jenny McCarthy Zooey Deschanel Tara Reid Coco Lee

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