Staci @ PaidContent writes about Brad Greenspan, the disgruntled founder of Intermix Media precursor eUniverse.
Greenspan is leading an investor group called FreeMySpace LLC in a counter-offer for the company, which previously agreed to be acquired by News Corp. for $12 per share. Greenspan, who contends that price underestimates the company’s value, says his group — he’s the only identified investor so far — can offer $13.50 a share to shareholders for up to half of their shares; the shareholders would retain equity value. The Greenspan group also is asking for the Sept. 28 special meeting of shareholders to be moved back. FreeMySpace press release.
From Intermixed up:
Nielsen Netratings reports an almost doubling of online display advertising for Myspace from 6.3% of all ads in May up to 12.9% of all online advertising impressions delivered online in August.
[tags: myspace]
