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.
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