Reuters reports that Activision Blizzard Chief Executive, and general all round videogame industry villain, Bobby Kotick is in final talks to acquire a controlling stake in MySpace.
The acquisition is personal, and is in no way linked to Activision Blizzard.
Kotick is part of a small investor group. The group is reportedly the current favoured bidder for the controlling stake in MySpace.
Current MySpace owner, News Corp paid $580 million for MySpace back in 2005. More recently, News Corp had hoped to do a deal valuing the flagging social network at just $100 million, but sources in April said it was unlikely to achieve this target. Sources report that following the sale, News Corp will retain a 20% stake in the business.
Recently Bobby Kotick made headlines for laughing off Battlefield 3 as a “PC game”, saying he’s not too worried about its impact on Modern Warfare 3 sales. He was then denied entry to play the game during E3, with senior EA management on the floor telling him “it would not be possible”.
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