MySpace Out of Rupert Murdoch’s Reach
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.
Christen Costa
