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PE Firms Consider Bids For Myspace

News Corporation’s Myspace is expected to receive bids from private equity firms and companies by the end of this week.

News Corporation’s Myspace is expected to receive bids from private equity firms and companies by the end of this week, The Wall Street Journal reports. Private equity firms, including Thomas H Lee Partners, Redscout Ventures and Criterion Capital Partners, are considering an offer for the social networking company.

Chinese Internet holding company, Tencent and Myspace co-founder Chris De Wolfe, have also shown interest in the company. News Corp, which is seeking bids of no less than $100 million for California-based Myspace, acquired the company for $580 million in 2005.

Click here for the story The Wall Street Journal.

Click here for additional coverage from Reuters.

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