Home › DMW Daily › July 9, 2009

News Corp.'s Murdoch: Not Buying Twitter, Not Selling MySpace

Authored by Mark Hefflinger on July 9, 2009 - 7:37am.
Sun Valley, Idaho - News Corp. (NYSE: NWS) CEO Rupert Murdoch is not interested in buying the popular Twitter microblogging service, nor is he looking to sell the MySpace social network, which has seen a drop-off in visitors and recently went through a management shake-up and round of layoffs, Reuters reported.

Speaking to reporters at the Sun Valley conference on Wednesday, Murdoch said investing in Twitter could be hard to justify, given its lack of a sustainable revenue source.

When asked if he was looking to sell MySpace, which News Corp. purchased in 2005 for $580 million, Murdoch replied, "Hell no."

 

Related Links:
http://snipurl.com/mg46e (Reuters)

Published in DMW Daily, July 9, 2009
tags: Deals | Social Networking | MySpace | Acquisitions | News Corp. | Rupert Murdoch | Twitter |



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