News Corporation will make a decision within two weeks on Myspace transfer

According to China electronics drop shipper ePathChina reports, News Corp. plans to sell Myspace, but it caught embarrassment that a few buyers took interest in the transaction.

According to "The Australian Financial Review," News Corporation revealed an open position that Myspace is at least worth a billion dollars, but now among the potential acquisition participants, there is nobody offering a price more than a billion U.S. dollars.

It is reported that in April, there have been rumors that about more than 20 entities were interested in acquiring Myspace, but now the buyers have shrunk to two, one is, Criterion Capital Partners and its two equity partners, the other acquisition party is a consortium led by the chief executive officer of Myspace Michael Jones.

According to bulk electronics wholesale ePathChina reports, the News Corp executive responsible for digital media Jonathan Miller in a statement said, we will make a decision on whether Myspace is transferred within two weeks. Miller said: "in two weeks we will know some of the results."

It is reported that News Corp. is currently doing everything possible to fight the loss shares against the Facebook. There are reports in the last two months, Myspace traffic in the United States plunged by half.

In 2005, the News Corp. header Rupert Murdoch spent $ 580 million on the acquisition of Myspace, it is once known as "the classic case of the acquisition." but now caught up by Facebook, Myspace gradually declined in hopeless situation. Recently, Myspace branches in Australia have closed down.

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