Social Networking Site MySpace Will Sale Early March

Social Networking Site MySpace Will Sale Early March - Media News Corp. will soon sell MySpace. The company will open a negotiation with a buyer in early March.

Reportedly about 20 companies have so far shown interest to buy a site that was continually losing money.

The founder of the MySpace network MocoSpace in a public statement said that those interested buyers came from a venture capital and private finance.

News Corp. acquired MySpace for U.S. $ 580 million.