Former Intermix CEO Wants Rupert Murdoch To Overpay By Even More
from the take-the-money-and-run dept
Remember how Rupert Murdoch was building a new internet empire built around his recent purchase of Intermix? Well, he might have to build that empire without Intermix and its popular MySpace offering. Intermix's former CEO and largest shareholder is apparently claiming that Murdoch has undervalued the company and is trying to buy a significant share himself to block the deal. Really, what this is about, is that he's hoping to force Murdoch to raise the price even higher than it already is. Of course, many people thought that Murdoch was already overpaying -- but since that half a billion dollar deal, we found out that companies with almost no revenue, but plenty of hype, could go for multiple billions, so it sounds like this guy is upset that Intermix sold out before the bubble was fully inflated.