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Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Deadlock in Libya exposes international rifts 26 Apr 2011 Lindsay Lohan makes clean breast of things for Leno | 1:50am EDT Guidelines help prevent heart attack deaths 26 Apr 2011 Sony Playstation suffers massive data breach; firm criticized 3:17am EDT Sony PlayStation suffers massive data breach 26 Apr 2011 Discussed 145 Texas governor calls for prayers for rain 136 Obama sees no magic bullet to push down gas prices 66 U.S. sends drones to Libya as battle rages for Misrata Watched Lohan on Leno, Cole on "X Factor" Tue, Apr 26 2011 Tornado caught on security camera video Tue, Apr 26 2011 Waiting for Bernanke 2:59am EDT News Corp seeks Myspace bids over $100 million: source Tweet Share this NEW YORK (Reuters) - News Corp is expected to receive bids for Myspace by the end of this week, according to a person familiar with the matter. Around five or more bids to buy all or part of the one-time social networking pioneer are expected,... Email Print Related News NY Times gains online subscribers, but woes linger Thu, Apr 21 2011 Obama takes tax plan to Facebook billionaires Wed, Apr 20 2011 Thomson Reuters overhauls news management team Tue, Apr 19 2011 Royal Wedding to be streamed live on internet Tue, Apr 19 2011 "Rio" rocks box office while "Scream 4" bombs Mon, Apr 18 2011 Analysis & Opinion Tech wrap: Sony admits PlayStation Network privacy breach Facebook scam warning pages under fire Related Topics Technology » Deals » Global Deals Data 2011 Q1 » Inflows Outflows » Stocks NEW YORK | Tue Apr 26, 2011 8:24pm EDT NEW YORK (Reuters) - News Corp is expected to receive bids for Myspace by the end of this week, according to a person familiar with the matter. Around five or more bids to buy all or part of the one-time social networking pioneer are expected, valuing the Los Angeles-based company at more than $100 million, according to this person. News of the latest planned bids and expected valuation was first reported by Wall Street Journal on Tuesday. Among the names expected to bid are private equity firm THL Partners, Redscout Ventures and Criterion Capital, which owns social networking site Bebo. Other names, including Chinese Internet holding company Tencent and Myspace co-founder Chris De Wolfe, have also had a look at the company's books to see if it's worth a bid. News Corp paid more than $580 million for Myspace in 2005, beating out other media companies. Like Friendster, Myspace was a pioneer of the social networking space between 2005 to 2007, but it soon lost out to Facebook. Last year News Corp relaunched the site as a social entertainment site with a focus on music, movies and celebrities. (Reporting by Yinka Adegoke; Editing by Steve Orlofsky) Technology Deals Global Deals Data 2011 Q1 Inflows Outflows Tweet this Share this Link this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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