Myspace, Acquisition | featured news

How Long Before Facebook Writes Off Its $1B Purchase of Instagram?

Kevin Systrom's smartest move was to sell Instagram to Facebook early, before having to deliver even an iota of revenue. My prediction is that we’ll look back on Facebook's acquisition of Instagram as a bust—much in the same way we now view News Corp.’s purchase of Myspace, AOL’s purchase of Bebo, and Excite@Home’s purchase of Blue Mountain Arts.

 

News Corp. Sells MySpace to Specific Media for $35 Million

News Corp. Sells MySpace to Specific Media for $35 Million

MySpace, bought by the News Corporation six years ago for $580 million, has been sold to Specific Media for about $35 million, two executives with knowledge of the sale said Wednesday.

Senh: That's a third of what Friendster got sold for.

 

Investor Group Is Frontrunner for Myspace

Investor Group Is  Frontrunner for Myspace

An investor group has emerged as a frontrunner in negotiations with News Corp. to take control of Myspace, as the media company rushes to complete a transaction by June 30.

 

My Take on the Flixster Acquisition of Rotten Tomatoes

My Take on the Flixster Acquisition of Rotten Tomatoes

Like most, I originally thought News Corp was acquiring Flixster. Instead, it was Flixster acquiring Rotten Tomatoes. I think it's a great fit. Rotten Tomatoes's aggregated critics ratings combined with Flixster's user ratings, Rotten Tomatoes's premium content combined with Flixster's user-generated content. The combined audience of 30M worldwide uniques definitely puts them up there with Yahoo! Movies and Moviefone, the second and third largest movie sites on the web respectively. IMDB is number one, by far. And it's gonna be tough for Flixster/RT to surpass them. When you search for a movie or celebrity, IMDB is usually the first result on Google (and other search engines); and that's the main reason for its dramatic growth in the last couple years. If Flixster/RT can become a more authoritative source than IMDB and surpass its rankings in search engines, then it can become numero uno. If not, being number 2 ain't bad.

 

Photobucket To Be Valued At $60 Million In Sale To Ontela

Lots more details are coming in on the Photobucket fire sale by MySpace/News Corp. The sale is all but complete, say new sources.

 

Subscribe to this RSS topic: Syndicate content