MySpace For Sale: The Bidding Begins

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MySpace is coming up on the chopping block.

A handful of venture capital firms and other companies are expected to make News Corp. offers for one of its most disappointing properties:MySpace.

News Corp. declared it was ready to sell MySpace in an earnings call in February. At that time, in spite of significant layoffs and a massive redesign, the company “recorded a $275 million pre-tax charge for the impairment of goodwill related to the Digital Media Group and an organizational restructuring at MySpace…

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