Keep It Under Your Hat: Valuation Caps and the $650 Million Sale of MySpace for $125 Million
Gust
NOVEMBER 4, 2011
The company was relisted on AMEX, financial performance and traffic metrics improved, and its stock price climbed from about $2/share in July 2004 to $12/share cash offered a year later by FIM, a newly created unit of News Corporation. Part of the deal was bringing in a new CEO, Richard Rosenblatt. of MySpace, Inc. of MySpace, Inc.
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