MocoSpace throws its hat in the ring to buy Myspace


With News Corporation now openly talking of its desire to sell Myspace, one suitor emerged on Friday via the bizarre medium of a press release. Mobile entertainment community MocoSpace says it wants to buy Myspace. “They are open to discussing it with us, CEO Justin Siegel tells Business Week in a follow-up interview. “This may be an opportunity to acquire an asset that we have the unique skills to manage… The crown jewel is the mobile part of that business.” News Corporation originally paid $580 million for Myspace in 2005, but Siegel reckons it will be open to offers between $50 million and $200 million now. Whether MocoSpace has that kind of cash is open to debate, as is its decision to go public with its offer rather than negotiate in secret.


Written by: Music Ally