A group of investors is in talks with News Corp. to buy MySpace

A group of investors is in talks with the media group News Corp to buy the social networking site MySpace, says All Things Digital. Bobby Kotick, PD-G Activision Blizzard, the world of video games, controlled by Vivendi, would be part of investors.


News Corp. would retain 20% stake in Myspace. The agreement is not final and could easily collapse, insists the All Things Digital site, citing sources familiar with the matter.

Bobby Kotick would invest its own money and would play no role in managing the company.

Other bidders Vevo be included, the hosting site of music videos, a group including the founder of MySpace, Chris DeWolfe, former CEO and founder of Facebook, and several private-equity firms and even myYearbook.

Founded by Tom Anderson and Chris DeWolfe in August 2003, MySpace was bought by Rupert Murdoch, News Corp. In July 2005. The social networking site is for sale for several months.