It could go for a relative pittance, thanks to Facebook
(AP) - News Corp. is hoping to part with struggling social network site MySpace this week, and will likely lay off more than half of the remaining staff of 500, according to a person familiar with the matter. The company is looking to cut a deal tomorrow or Thursday in order to have it completed this fiscal year, which ends Thursday. The All Things D site reported that MySpace was on the verge of being sold for $20 million to $30 million, but the AP source thinks the deal will be much higher and involve cash and stock. More»
