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Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Trial session ends early as Casey Anthony takes ill 09 Jun 2011 Alabama sets nation's toughest immigration law 09 Jun 2011 Alleged Weiner nude photo released by radio hosts 09 Jun 2011 One dead, four others wounded in Brooklyn boardwalk shooting 09 Jun 2011 Nintendo president puzzled by investor reaction to Wii U 09 Jun 2011 Discussed 88 Alabama governor signs nation’s toughest immigration law 79 ”The world is getting warmer”: Romney 72 U.S. debt default unimaginable, creditors say Watched The next chapter for Hillary Clinton? 10:04am EDT Bodypainters apply their skill Mon, Jul 19 2010 Four-year-old takes art world by storm Mon, Jun 6 2011 small business Talent search favors tech giants Recruiters say the Web 2.0 hiring boom, which counters nationwide unemployment above 9 percent, shows no sign of abating. And startups are having to be very creative to lure potential hires away from Google and other tech giants. Full Article Silicon Valley recruiter: "Everyone's desperate" 5 reasons to join a startup after graduating Kotick in final talks to buy out Myspace Tweet Share this Email Print Related News Kotick in final talks to buy out Myspace Thu, Jun 9 2011 Nintendo Wii U underwhelms investors Wed, Jun 8 2011 Twitter CEO says 80 percent of advertisers renew Wed, Jun 1 2011 Morgan Stanley allows broker use of social media Wed, May 25 2011 Social phenom Zynga on cusp of mega IPO: report Wed, May 25 2011 Analysis & Opinion Tech wrap: Myspace sale saga nears end Yahoo’s Ross Levinsohn: We’re still No. 1 Related Topics Technology » Deals » Global Deals Data 2011 Q1 » Inflows Outflows » Media » An undated image courtesy of MySpace. Credit: Reuters/Handout By Yinka Adegoke NEW YORK | Thu Jun 9, 2011 8:24pm EDT NEW YORK (Reuters) - An investor group including Activision Blizzard Chief Executive Officer Bobby Kotick is in final talks to take a controlling stake in News Corp's social network site Myspace, according to three people familiar with the matter. Kotick's involvement is personal and nothing to do with Activision at this stage, the people said. Kotick was approached by the investor group in recent weeks and has not yet made a full commitment to the Myspace project, one of the people said. If he does get involved his stake is likely to be very small, two of the sources said. Activision is best known for its 'Call of Duty' war game franchise. There remain others in the race, according to the first person, but the Kotick group is now the favored bidder. Under the terms of the discussions, News Corp would retain an equity stake, possibly of about 20 percent, one of the sources said. News Corp, which paid $580 million for Myspace in 2005, had hoped to do a deal valuing Myspace at about $100 million, but sources said in April that it was unlikely to achieve that target. Like Friendster, Myspace was a pioneer of the social networking space between 2005 and 2007, but it soon lost out to Facebook, now the market leader in social networking. Last year News Corp relaunched Myspace as a social entertainment site with a focus on music, movies and celebrities. Technology blog AllThingsDigital cited sources earlier on Kotick's interest. (Reporting by Yinka Adegoke; Editing by Carol Bishopric) Technology Deals Global Deals Data 2011 Q1 Inflows Outflows Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. 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