intellectual property. If the board agrees to this rip-off, they are in total breach f their fiduciary responsibility. CLASS ACTION STARTS TODAY!
Yep. The auction process was supposed to run till November with the company having the right to turn down unreasonable offers. $9 per share is unreasonable.
the board will be given all the cover they need on fri with thors co guidence,which could have all sorts of negative effects
Yea, they should reject the offer and let the stock go to 3$/share, so all those complaining about fiduciary duty can suck it. Company is not worth 4.7 billion, maybe 3 billion
The balance sheet shows otherwise.
"MySpace was a multi-billion dollar company that was sold to Rupert Murdoch for pennies on the dollar. "
Murdoch paid $580M for myspace, it went the way of blackberry, and he dumped it for $35M; a 94% loss.
My space was never making any money. Murdoch bought it for the subscribers