Myspace Sale is Imminent

http://chris.pirillo.com/myspace-sale-is-nearing-completion/ News Corp. has reportedly narrowed their list of possible bidders down to two remaining front-runners vying for majority shares in the struggling social network. Myspace, which sold to News Corp. for $580 million USD five years ago is for sale once again, this time in the much lower $20-$30 million dollar range.

At this point it's safe to say that Myspace is down, but not out. Corporations have been resurrected from almost certain failure in the past. Steve Jobs returning to Apple is just one example of a company in dire straits that turned around and came back greater than ever with only a few key changes to how they did business.

So, is Myspace in a position to make a real comeback? Leave a comment and let me know.

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