Activision’s Bobby Kotick Considers Buying of MySpace

It is reported that Activision Blizzard Inc. Chief Executive Bobby Kotick is in final talks to take a controlling stake in News Corp’s social network site Myspace.

Kotick confirmed by email that he has been appoached to make a small investment in a group pursuing Myspace. The executive has not yet decided whether to join the group, whose other members have requested confidentiality.

Activision is best known for its ‘Call of Duty’ war game franchise.

Like Friendster, Myspace was a pioneer of the social networking space between 2005 and 2007, but it soon lost out to Facebook, now the market leader in social networking.

 

 

 

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