I noticed a lot of people were searching that to get to my blog.
Here’s the stock rumor:
Speculation – NEWS CORP MAY SELL, SPIN OFF MYSPACE Media conglomerate News Corp (NASDAQ:NWSA) said it could decide to sell or spin off its social networking website MySpace as part of a strategic review for the business.
MySpace is owned by News Corporation. Pic is update as of 3:24 January 24th, EST. Click to go to Yahoo summary:
Said Rosabel Tao, PR mouthpiece:
“News Corp. is assessing a number of possibilities including a sale, a merger and a spinout,” Tao said. “The process has just started.”
Here’s the original interview by Bloomberg with CEO Mike Jones.
Will add more if I find it, Happy Trading!