Friday, September 23, 2005

FreeMySpace LLC

FreeMySpace LLC, the group led by Intermix' largest non-insider stockholder Brad Greenspan, said it would pay Intermix shareholders $13.50 a share to become "the significant stockholders" in Intermix.

Diversified media conglomerate News Corp. had on July 18 said it would pay $580 million, or $12 a share, for Intermix. Apart from MySpace, Intermix also owns grab.com, a gaming and entertainment site, and Internet marketing unit Alena.


[Reuters]

Some major value in myspace.com perhaps.

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