Activision’s CEO Bobby Kotick Wants to Buy MySpace
Kotick has reportedly not committed himself yet to join the group, according to the story. Even if he does his ownership stake in MySpace will be small. It would also be a personal investment for Kotick and not a part of his Activision Blizzard dealings. The story also reports that if the deal goes through News Corporation would still own a stake in MySpace of about 20 percent.
MySpace was of course the web site that helped to launch the massive social networking trend in the past decade. News Corporation bought MySpace at the height of its popularity for $580 million back in 2005. Since then the site has lost much of its popularity thanks in large part to the success of its biggest rival Facebook. There have been a number of layoffs at MySpace over the past couple of years. The story claims that News Corporation was hoping to sell off MySpace for about $100 million but its unlikely that News Corp will actually get that amount for the site.
Kotick has been CEO of Activision since 1991 and became CEO of Activision Blizzard in 2008 when Activision merged with Vivendi Games
http://www.neowin.net/news/rumor-activision-ceo-part-of-group-interested-in-buy-myspace
Posted:
Related Articles
Comments
CastleCrashersPosted:
what a dumb idea, Activision fails again. also does anyone else notice he kind looks like the troll face? o.O
Latest Downloads
- 01. Supermarket Simulator SaveGame (Quick start, 172 day, 65lvl)(0)
- 02. Caribbean Legend: SaveGame (before the start of the Dutch Gambit)(0)
- 03. Caribbean Legend: SaveGame (Passed the Secret Organization Gambit) [v1.0.0](0)
- 04. Jalopy: SaveGame (Pumped up LaikaGT)(0)
- 05. Assassin's Creed 3: Save Game (Game completed 8%, until Chapter 4)(3)
- 06. Supermarket Simulator: SaveGame (Quick start, 172 day, 65lvl)(0)
- 07. GoreBox: SaveGame (Ancient village of the Paleozoic era)(0)
- 08. Need for Speed: Most Wanted (2005) - SaveGame (0% career, 2 BMWs in the garage)(0)
- 09. [EU] CARX DRIFT RACING ONLINE - PROGRESS SAVE 6 SP DUO (CUSA15633)(5)
- 10. Fallout Shelter Modded Save PC(3)
- 11. Remember Me: SaveGame (The Game done 100%)(0)
- 12. The Long Drive: SaveGame (American pickup)(0)
- 13. Goemon's Great Adventure (US / NTSC) - Nintendo 64 Game Save(2)
- 14. The Long Drive: SaveGame (blue VW Beetle)(0)
- 15. Deadly Creatures | Complete Savegame(1)
Latest Tutorials
- 01. The Redress Of Mira 100% Walkthrough | Trophy & Achievement(530)
- 02. Russian Pinocchio Quick Trophy Guide(637)
- 03. Venatrix Quick Trophy & Achievement Guide(638)
- 04. Call of the Sea 100% Platinum Walkthrough(732)
- 05. Wire Lips 100% Platinum Walkthrough(723)
- 06. The Expanse 100% Platinum Walkthrough | Trophy & Achievement(685)
- 07. Doctor Who: The Edge of Reality - PS4 Platinum P/Thru(609)
- 08. Doctor Who:The Lonely Assassins - 100% Guide(550)
- 09. DAYMARE 1998 PS4 - Full game 100% TROPHY WALKTHROUGH(519)
- 10. Stray Platinum Walkthrough | Trophy & Achievement Guide(527)
- 11. Raji: An Ancient Epic | Complete Gameplay Walkthrough(683)
- 12. Corpse Killer: 25th Anniversary Edition - Longplay(697)
- 13. Song of Horror: Complete Edition Gameplay Walkthrough(446)
- 14. Remoteness 100% All Trophies Walkthrough(696)
- 15. Detective Inspector Mysterious Clues Platinum Walkthrough(589)
"Activision’s CEO Bobby Kotick Wants to Buy MySpace" :: Login/Create an Account :: 25 comments