News Corp in talks to give control of Myspace to the Music label-owned video site Vevo.com
News Corp has held talks to give control of Myspace to the music label-owned video site Vevo.com, but the likelihood of a deal being reached was slim, a person with knowledge of the talks said.
News Corp's MySpace, the world's largest social network Web site, said it has formed an online music venture with three major recording companies in a challenge to Apple Inc's dominant iTunes Music Store.