MySpace Acquired: Email From CEO Mike Jones To Employees

Post by hydrazine » Wed, Jun 29, 2011, 6:40 PM UTC

Post by kloncks » Wed, Jun 29, 2011, 6:55 PM UTC

Post by thirsteh » Wed, Jun 29, 2011, 7:00 PM UTC

kloncks wrote: post #3

Best comment: Bebo - from $850m to $10m. MySpace- from $580m to $35m. Who's next?

Post by sanswork » Wed, Jun 29, 2011, 7:07 PM UTC

kloncks wrote: post #4

endtime wrote: post #2

$35mm? Ouch. >News Corporation bought MySpace for $580m (£373m) in 2008. The asset was briefly valued at $12bn when News Corp attempted to merge it with Yahoo in 2007. From: http://www.telegraph.co.uk/technology/myspace/8404510/MySpac...

Can you imagine what that merger would have looked like?

Post by pavel_lishin » Wed, Jun 29, 2011, 7:22 PM UTC

bugsy wrote: post #8

> In conjunction with the deal, we are conducting a series of restructuring initiatives, including a significant reduction in our workforce. It actually takes some balls to come out and say that in the first email.