MySpace for sale; could go for $20mil or less

[Archangel]

MySpace, the social media pioneer that once was among the most popular sites on the Internet, could be sold this week for as little as $20 million, the website All Things Digital reported Tuesday.

News Corp., which paid $580 million for the property in 2005, is likely to lay off half the company's remaining staff of 500 people before the deal is completed, according to The Associated Press.

Read more: http://www.msnbc.msn.com/id/43563335/ns/business-us_business/

 

[capefear]

it aint even worth 20 million dollars

 

[lll]

poor Tom

 

[Archangel]

There will be a huge loss if it sells so cheap. I think FB should buy it & fold it. That'd reduce competition. MS isn't even close to what it used to be but it's still big competition.

it aint even worth 20 million dollars

Eh, screw him. I was never his friend, even if he put me in his list. lol

poor Tom

 

[capefear]

i agree 100% Archangel they can use it for the rest of the traffic

 

[maxeaus]

Rupert Murdoch........FAIL.

I swear Tom was actually Rupert Murdoch in disguise.:hehe:

 

[El Bandolero]

When I first looked at the title the first thought that came to mind was FB should buy it as others have already said in the thread.

Here is my view and this is not accurate percentages this is just a guess and I know there more social sites out there, but to make a point let's take Twitter, Myspace, and FB.

Let's say
FB 65percent of people that go to social sites that go to FB specifically

Twitter 25 percent

Myspace 15 percent

If FB buys Myspace they would control 80percent plus any features that Myspace has that FB doesn't they could integrate it to FB.
Again this numbers are not accurate it's just a scenario. Plus FB has deep pocket's 20million wouldn't hurt them at all if anything it's a small gamble.

A good example is when WWE bought the rights to WCW for around 2.5 million I think the figure is correct. WCW at one point almost drove them out of the biz. WCW at a good point made plenty of profit and when it started sinking and lost the tv deal it was only worth the 2.5. For WWE it was a great deal as having the ppv/show libraries they could make DVD's and sell them etc and they prob made plenty of profit out of it. The same when WWE bought the rights to ECW. They slowly killed the competition.

FB could do the same.

 

[GiftedDomains]

seams like "Specific Media" bought it for $35 million

http://allthingsd.com/20110629/exclusive-myspace-to-be-sold-to-specific-media-at-35-million/

 

[Archangel]

The WWE/WCW thing was the exact thing I was thinking of when I was typing this. MS is great for bands and high-bandwidth things. It'd be smart to FB to buy it out. But it looks like somebody else just bought it. Ah. What could have been.

When I first looked at the title the first thought that came to mind was FB should buy it as others have already said in the thread.

Here is my view and this is not accurate percentages this is just a guess and I know there more social sites out there, but to make a point let's take Twitter, Myspace, and FB.

Let's say
FB 65percent of people that go to social sites that go to FB specifically

Twitter 25 percent

Myspace 15 percent

If FB buys Myspace they would control 80percent plus any features that Myspace has that FB doesn't they could integrate it to FB.
Again this numbers are not accurate it's just a scenario. Plus FB has deep pocket's 20million wouldn't hurt them at all if anything it's a small gamble.

A good example is when WWE bought the rights to WCW for around 2.5 million I think the figure is correct. WCW at one point almost drove them out of the biz. WCW at a good point made plenty of profit and when it started sinking and lost the tv deal it was only worth the 2.5. For WWE it was a great deal as having the ppv/show libraries they could make DVD's and sell them etc and they prob made plenty of profit out of it. The same when WWE bought the rights to ECW. They slowly killed the competition.

FB could do the same.

 

[DU]

Pfft... blew this comment....

Do over.

I'm going to move to diaspora

 

[alien51]

If FB buys Myspace they would control 80percent plus any features that Myspace has that FB doesn't they could integrate it to FB.

I don't think there are any revolutionary features in MySpace that cannot be duplicated by Facebook's team of software developers. If you examine MySpace, Friendster, Facebook, and LinkedIn, they are all the same. Practically identical platform.

Sure, people can customize the look-and-feel of their profile pages in Friendster and MySpace, while Facebook is just boring Blue. But i don't think it's worth 35 million to buy MySpace just to copy the source code to do the same in Facebook. You can assign about 10 programmers on your payroll to work on it for a year, and their combined salaries won't add up to 35 million. So it's cheaper.

If Facebook will just let MySpace die, the orphaned users will be forced to spend more time on their FB profiles anyway... Or just chill (if they hate FB)... After all, it's safe to assume that about half of MySpace users have Facebook accounts as well anyway. So why spend 35 million to buy those people out?

In fact, one thing i believe, is that Facebook CAN kill Tweeter if it wants to. Tweeter is just a "messaging" service of some sort. Why can't you put a Tweeter-like app inside Facebook too, right? Even Google and Microsoft are afraid Facebook might start opening its own FREE EMAIL service to compete with GMAIL and HOTMAIL. So you could one day end up with your very own "@facebook.com" email address.

One thing Facebook has as its weapon: It is difficult for people to leave behind their friends. Their business model is guaranteed by "forced" loyal clients.

 

[Archangel]

$35mil would buy the MS name, TM, and domain, along with its userbase. It's worth it IMO. MS is still a rival & is used heavily -- not as it was before but still pretty commonly.

i don't think it's worth 35 million to buy MySpace just to copy the source code to do the same in Facebook.

 

[BitcoinDK]

It seems Justin Timberlake bought it

http://www.telegraph.co.uk/finance/...Timberlake-backed-ad-agency-by-News-Corp.html

 

[Archangel]

He's a superstar musician so this kinda feels right

It seems Justin Timberlake bought it

http://www.telegraph.co.uk/finance/...Timberlake-backed-ad-agency-by-News-Corp.html

 

[GiftedDomains]

$35mil would buy the MS name, TM, and domain, along with its userbase. It's worth it IMO.

i fully agree.

 

[jkennedy]

It seems Justin Timberlake bought it

http://www.telegraph.co.uk/finance/...Timberlake-backed-ad-agency-by-News-Corp.html

Maybe he took his role in "The Social Network" a little too seriously.....
Who knows, he might be able to revive MySpace.

 

[GiftedDomains]

Who knows, he might be able to revive MySpace.

or rename it to MyJustin.com, cancel all other pages, and gain 30 million fans by force for few days ,,,, oh wait that name is already taken by justin bieber

 

[alien51]

Interesting that MyJustin.com had 6 drops in its rap sheet...

 

[tech4]

I say Myspace will sell for 100-120 millions to FB if Justin Timberlake approach them or some investment firms.

But as an investment I think Justin Timberlake may go broke soon...What's he doing with $35 million website? sitting there?

FB needs traffic badly, and money before it blows just like Myspace. Any injection of cash or traffic is like blood.

better sell soon...else...BOOM.