US reports say News Corp is likely to keep a stake in MySpace as it chooses between the low-ball offers of $20-35 million from funds Specific Media and Golden Gate Capital. News will also pick up the tab for a further staff cull before the sale.

News paid $580 million for MySpace in 2005. A recent investment in Facebook put its value at $70 billion, while Linked-in trades at $8 billion. News Corp recouped its initial investment with a $900 million search advertising deal with Google, but the site has reported heavy losses. The division where it sits reported a $165 million operating loss for last year.

Other posts by :

1. SES predicts end of ‘big’ Geo satellites
2. Amazon Leo gets approval for 4,504 extra satellites
3. SpaceX gets a portion of India
4. TerreStar wants to build LEO network
5. Musk: “No Starlink phone”
6. Russia accused of eavesdropping on satellites
7. FCC welcomes Musk’s 1m satellite plan
8. Telesat has problems with an LEO
9. Orbital debris a real danger 

Categories: Articles, Business, M&A