News Corp. Proposes Myspace Deal with Vevo.com
Bloomberg is reporting that News Corporation has reached out to Vevo.com, a music video website, to gauge interest in a possible deal for Myspace.com. According to the article, News Corp. is hoping to hand over the site to Vevo, in exchange for a stake in a new venture.
The deal makes sense because Vevo is actually part owned by record companies, and the only thing that Myspace ever got right was music (okay, posting Bulletins was good too – it was a great way to say absolutely nothing to a bunch of your friends all at once).
Of course the talks are still in the early stages, so they could fall apart. But at least a company appears to be willing to give Myspace a chance. That isn’t usually the case.
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