News Corp dumps MySpace for the high side of $40m. This loss is several multiples less than what News Corp paid for the property back in 2005.
Even golden hands at times can turn to lead. But MySpace will not be the last. There is no guarantee that FaceBook itself won’t someday be deprecated.
[Update] Final number for the sale was $35m. The acquirer, Specific Media, intends to layoff half of the staff of 400 upon final signing. Sharpen those resumes kiddies.
Sony CEO Howard Stringer told shareholders that his company was the target of hacker attacks in April “because we tried to protect our IP (intellectual property), our content, in this case videogames.”
In April Sony was forced to take its PlayStation Network (PSN) offline for several weeks after hackers broke in and stole information from more than 70 million user accounts, finally relaunching it in May. A similar attack also affected Sony Online Entertainment (SOE) servers, which control Sony’s online role-playing games. Combined, more than 100 million user accounts were affected.
The hacker or hackers responsible for the security failure have not yet been named, though Sony Computer Entertainment America boss Kazuo Hirai – Stringer’s presumptive successor – implicated the hacker collective “Anonymous” in a letter delivered to a U.S. Senate subcommittee.
Strinker needs to be dismissed. Which some shareholders are demainding. Instead what we get is, “Its the other guys fault”. In a sense yes it is, the hacker I mean. But US law tends toward what I call the Pool Rule. One must show a modicum of restriction to access to the pool (eg servers) before one can claim immunity from culpability in the act. With 11 recorded instances of breaches, Sony’s claim of that defense seems thin at best.
Then Sony makes the thinly veiled umbrage that it is partly the fault of Linux. Excuse me, but YOU Sony provided that in your consoles then took it away. Your choice of course but don’t be surprised when people get a little peeved. The whole thing plays out like a 8yo whiny kid who just had mommy take away the coookie.
Try http://openoffice.org. Splish, Splash and no comment from the Oracle.
Great way to handle a PR disaster.
Q and A site Formspring racks up 25 million users
Freelance community Donaza gets $1 million from VC heavy hitters.
Yahoo spins off internal Hadoop group. Open Source Hortenworks is born.
FCC’s wireless competition report shows no real progress. Is anyone surprised?
Skype unleashes development platform
AOL announces yet another re-org. Wasn’t Arianna Huffington supposed to fix everything?
Domain names and web hosting provider Go Daddy is reportedly on the verge of being acquired by private investors for up to $2.5bn.The New York Post reported that a group led by Silver Lake Partners and KKR & Co plans to buy the closely held company for $1bn. The Associated Press later put the price tag at between $2bn and $2.5bn.
An official announcement of the deal could come as soon as tomorrow, these reports said.
This could be significant or nothing at all. It all depends on what the acquirers want to do with GoDaddy. My observation is, having paid a tad too much the buyer ratchets up rates in order to meet ROI and service is degraded. Hope it does not happen. GoDaddy is a top dog player in the name space game. You could practically eliminate ICANN and substitute GoDaddy and the transition would not be that big a deal. Such is the size of their touch in this Internet space.
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