Tech
Tencent, the huge Chinese social network that is the third-biggest Internet company in the world by market cap, is one company interested in taking Myspace off News Corp's(NWSA) hands, according to a report by Reuters.
Other interested buyers include MySpace's current management team and Vevo, YouTube's music video site. It's interesting that Tencent would like to get a foothold in the U.S. If Tencent decides it has global ambitions, it could pose a bigger threat to Facebook than Google(GOOG) or Twitter or anyone else. Myspace might not be the best way to do it, however, because the site's traffic is completely imploding. That being said, MySpace CEO Mike Jones thinks there's a future and, who knows, he might be right. Join the conversation about this story »TheStreet Premium Services
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