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Monday July 28th 2014

My Space for sale for $100m–no eager buyers snapping it up

The company which owns MySpace is believed to be struggling to find a buyer willing to pay the asking price.

News Corp (which paid over $500m for the site) is reportedly seeking $100million for the social networking site, which has been eclipsed in popularity in recent years by sites like Facebook and Twitter. 

Having apparently been talking to as many as 20 interested parties in April, the list of potential bidders is now down to two, according to the Australian Financial Review. Read more at dailymail.co.uk :

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