Tag: "News Corporation"
Microsoft Acquire Yahoo, Take 2?
There are rumors floating around that Microsoft may be looking to make another bid to acquire Yahoo Inc. In 2008 Microsoft put forward a bid of $44 Billion, which the Yahoo management team rejected. This lead to Yahoo stock price tumbling and Jerry Yang who was CEO (and also Founder of Yahoo) was removed from […]
Read More | ShareMySpace sells for $35 million USD
MySpace has been sold for $35 million USD to US company – Specific Media (www.specificmedia.com) According to the press release MySpace is attracting 70 million users to the site, and 20 million of via a mobile devices. News Corporation purchased MySpace in 2005 for $580 million USD, so this has been a total failure that […]
Read More | ShareMySpace to lay off half their Staff
It has been reported that MySpace, will layoff half of its 1000 employees this week. The layoffs come as the social media site tries to restructure and overhaul the company in an attempt to save itself from poor financial situation. News Corporation had invested in MySapce to broaden its reach across the globe in the […]
Read More | ShareMySpace Google Agreement up for Renewal
It is believed News Corporation is in discussions with Google, Microsoft, and Yahoo about replacing MySpace’s search engine advertising agreement. Google has the current agreement which is expected to expire in August. The agreement is $300 million/ year in revenue for MySpace and it very unlikely they will get anywhere near this figure going forward. […]
Read More | ShareMySpace Co-President Jason Hirschorn departs
MySpace and News Corporation have announced that Co-President Jason Hirschorn has decided to leave the company. MySpace has had quite a few of their executives leave the company over the past year. Chief Digital Officer of News Corp, Jon Miller released the following statement: ‘We fully respect Jason’s decision to leave and his personal desire […]
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