MySpace chief: Time right to get good deals on start-ups

12/2/2008 | Reuters

Although News Corp unit MySpace isn't working on any specific deals, the social network does see opportunity to acquire Web 2.0 start-ups that are worth much less now than six months ago because of the economic downturn, MySpace co-founder and chief executive Chris DeWolfe said, via video conference, at the Reuters Summit. But microblog Twitter, which reportedly was in talks to become part of Facebook, is not on MySpace's wish list, DeWolfe said.

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