MySpace Out of Rupert Murdoch’s Reach

Business — 26 September 2005

You know that TV tyrant, Rupert Murdoch? Well, he recently made a bid to get his hands on Intermix Media, the proud owner and parent company to the music/social networking site MySpace.com.

Interestingly enough, it looks like Intermix’s founder and former boss, Brad Greenspan, has made a rival bid for the dot.com behemoth. Murdoch, is offering $12 a share ($580 million), while Greenspan is offering $13.50 a share ($628 million and change). As a result of the rival bidding, Greenspan has taken a somewhat viral marketing campaign measure by launching the site www.FreeMySpace.com, to support his cause. Greenspan is known for his crass and troublemaking tactics. When he left Intermix Media he accused his senior managers of insider trading to a tune of $25 million.

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About Author

Christen Costa

Grew up back East, got sick of the cold and headed West. Since I was small I have been pushing buttons - both electronic and human. With an insatiable need for tech I thought "why not start a blog focusing on technology, and use my dislikes and likes to post on gadgets."

  • BlytheRubbings

    This is very disturbing, having one mega rich man in control of so many media outlets. I wonder if there is anything under current antitrust laws for this kind of thing.

  • http://zyrih kendy

    das ist schajze

    no godddddddddddddd hahahahah

    fack you Play-Station