Yahoo to Acquire MySpace?
Written by Kendall
January 12th, 2011

As I reported recently, MySpace did indeed let go of just about 50% of its workforce, laying off 500 people. With that done, it seems that MySpace is undergoing even further restructuring. In addition to a big shake up it would appear that News Corp, the MySpace owners that also own Fox, are looking for some potential buyers. The interested party? Yahoo.

I would venture to guess that anyone at this point who is interested in purchasing MySpace would be getting a bargain price on it, as the site has been on a fast track downwards, declining at what seems like a faster pace than even Facebooks incline in growth. One of the larger questions now becomes, what would one do with MySpace if they were to buy it? Can the site even begin to be saved?

The expenses and the overhaul of the site that is needed to slow the pace of its death is enormous. The manpower and money that would be needed to revive the site to even a fraction of what it wants was in its best days would be even larger. Is Yahoo a company that can pull this off, or is it going to be yet another property that they pick up and accelerate its demise?

 

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