All tag results for 'new owner'
So long, and thanks for all the camera phone self portraits!
Earlier today, News Corp COO Chase Carey announced that he felt "now is the right time" to place MySpace "under a new owner."
More from Carey:
“The new MySpace has been very well received by the market and we have some very encouraging metrics, but the plan to allow MySpace to reach its full potential may be best achieved under a new owner.”
Letting 'em down easy, huh News Corp? How thoughtful of you. LOLz.
Rumors of News Corp's plans to sell MySpace had been going on for a while now, so this doesn't come as any major shocker.
Should be inneresting to see who snatches up MySpace. Will it be Google? Facebook? Will Friendster buy it and plan their reemergence as a social networking super power?
Hopefully it finds a good home!
MySpace may not be the #1 place to connect with friends anymore, but it's still a damn good place to listen to streaming music!
P.S. CLICK HERE to "like" Perez on Facebook!
P.P.S. CLICK HERE to "follow" Perez on Twitter!
But it's not because Betsey couldn't pay him back.
As we mentioned last month, Steve took over the $48.8 million loan BJ defaulted on. To secure the loan, the designer used intellectual property as collateral, which would become Madden's if she didn't pay him back by August of 2012.
However, the two have come to an agreement that's has made Steve Madden the owner.
The COO of Betsey Johnson couldn't be happier, saying:
"Whenever you come out of a situation with a good partner, cash coming into the business and the elimination of all debt, what’s not to love?"
Now that Madden's in the drivers seat, he wants to make shoe sales 30% of the business and expand the daytime dress collection.
We're sure he won't have any problems with the shoes.
[Image via Flashpoint/WENN.]