MySpace is in talks with Activision boss
TROUBLED social network MySpace is in final talks over a sale to Activision Blizzard chief executive Bobby Kotick.
It is understood Kotick’s involvement is not linked to his Activision role.
MySpace owner News Corp, which paid $580m (£354m) for Myspace in 2005, may seek to retain a 20 per cent holding as part of the offer, according to people close to the deal.
Kotick is now the preferred bidder, edging ahead of other runners including founder Chris De Wolfe, music video site Vevo, and current Myspace boss Mike Jones, who has partnered with private equity backers.
Earlier this year News Corp held early-stage talks with Vevo over exchanging its ownership of Myspace for a stake in a new venture.