Former Intermix CEO Wants Rupert Murdoch To Overpay By Even More
from the take-the-money-and-run dept
Remember how Rupert Murdoch was building a new internet empire built around his recent purchase of Intermix? Well, he might have to build that empire without Intermix and its popular MySpace offering. Intermix's former CEO and largest shareholder is apparently claiming that Murdoch has undervalued the company and is trying to buy a significant share himself to block the deal. Really, what this is about, is that he's hoping to force Murdoch to raise the price even higher than it already is. Of course, many people thought that Murdoch was already overpaying -- but since that half a billion dollar deal, we found out that companies with almost no revenue, but plenty of hype, could go for multiple billions, so it sounds like this guy is upset that Intermix sold out before the bubble was fully inflated.Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
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At that time, he launched a public soap opera in an attempt to regain control from management. Now that News Corp put Intermix in play, it gives him the opportunity to try to take the company back. He doesn't appear to have enough money to buy the company outright, but is making a poor man's bid for control.
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(321) 751-6963 sauld@earthlink.net / wb3jvv@gmail.com
letsmeetvshow@gmail.com
My agent is Mr. Fred R. Price of Fred R. Price Literary Agency
14044 Ventura Blvd. Suite # 201, Sherman Oaks, CA 91423, (818) 763-6365
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Former Intermix CEO Wants Rupert Murdoch To Overpay By Even More
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