4 ms·

So much for the $200MM they were trying to pass it off for less than five months ago. [1] I don't know their numbers, but doesn't it seem likely that 35 is les

by trotsky 15y ago

So much for the $200MM they were trying to pass it off for less than five months ago. [1] I don't know their numbers, but doesn't it seem likely that 35 is less than 1x revenue? [1] http://www.bloomberg.com/news/2011-02-04/news-corp-may-get-200-million-for-sale-of-myspace-mocospace-ceo-says.html http://www.bloomberg.com/news/2011-02-04/news-corp-may-get-2...

pittsburgh 15y ago
That $200MM figure came from MocoSpace, a "potential" buyer, not from MySpace. But I don't think MocoSpace's offer was more than an attempt to grab attention for itself, which means it was to their benefit to quote a large number. From https://allthingsd.com/20110210/myspace-is-certainly-for-sale-but-not-by-press-release/ https://allthingsd.com/20110210/myspace-is-certainly-for-sal... , "... the look-at-me attempt to suck up some attention from the media was riveting and appalling at the same time." If I put out a press release saying I'd like to buy Facebook for a trillion dollars -- you know, to impress a girl -- it wouldn't be fair to turn that into a claim that Facebook now thinks it's worth a trillion dollars.