/// The Myspace Sweepstakes Drag on–Another Bid Deadline Today As Sale Deadline Looms

May 31, 2011  |  All Things Digital

Yes, Myspace is still for sale. But, no , no one has yet made a good enough bid–in other words, at the more than $100 million level its owner, News Corp., has sought–to knock out anyone else. And who knows who will, as those working on the deal gave a deadline today for any revised bids for the social entertainment hub. Among those remaining in the running: two strategic bidders, although the CEO of the Vevo music service has denied interest; several private equity players, including Criterion Capital Partners, which bought Bebo from AOL for a song; and an aggressive inside effort by CEO Michael Jones, which would include venture investors and a possible continued smaller ownership by News Corp. News Corp. is holding out for a few more bids today from those who had expressed initial interest, said sources close to the situation, after the company provided additional information about long troubled service. That included data showing some increased user engagement from a recent Facebook artists profile app launch and a new music playback system, among other efforts to revive Myspace.

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The Myspace Sweepstakes Drag on–Another Bid Deadline Today As Sale Deadline Looms



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