MySpace may trim down to win suitors (AFP)
SAN FRANCISCO (AFP) – Reports surfaced on weekday that colourless social networking star MySpace may revilement more body to be attractive to suitors.
A Wall Street Journal report cited unnamed sources as indicating News Corp. might make MySpace leaner for possibleness buyers including penalization video service Vevo, China-based cyberspace consort Tencent, and private equity firms.
News Corp. has had MySpace understanding talks with those companies and with Chris DeWolfe, a founder of the online social networking originator additional to Rupert Murdoch's media empire in 2005 for $580 million, according to the Journal.
News Corp. owns the Journal.
News Corp. revealed in January that it was exploring a understanding or another "strategic options" for MySpace, the peaked social network which has been eclipsed by Facebook.
News Corp. chief operative officer Chase Carey place MySpace on attending in November saying the losses at the social network were "unsustainable."
Facebook has grown to more than 500 meg members while MySpace's numbers hit dwindled. Early this year, MySpace revilement whatever 500 jobs, nearly half its staff.
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