News Corp. seeking $100 million for Myspace:
News Corp. is seeking over $100 million for Myspace and about half a dozen private equity firms and companies are expected to submit bids by the end of this week, The Wall Street Journal reported Tuesday.
News Corp has sold MySpace for US$35M, a fraction of what it paid for the once Hot social media site even as a new generation of Web-based start-ups is enjoying Sky-high valuations.