Murdoch's visit to China to buy MySpace: not wrong but not well managed

News Corp chairman Rupert Murdoch (left) and his wife Wendi Deng Sina Science and Technology June 27 morning News, News Group chairman Rupert Murdoch in the latest CCTV "dialogue" show, News Group is selling a very low price MySpace, the acquisition of MySpace did not buy the wrong, but did not manage well. Murdoch and his wife Wendi Deng recently as a guest CCTV "dialogue" program. Referring to Mr Murdoch's past years of mergers and acquisitions, Murdoch said that four or five years ago, the acquisition of MySpace did not buy the wrong, but did not manage well. He also revealed that News Corp was selling myspace at a very low price, stressing that "all of our companies are fine now." In October 2005, News Corp bought myspace for 580 million dollars. Most people at the time were bullish on the deal. However, due to the mismanagement of MySpace and the rise of Facebook, the influence of MySpace has fallen rapidly over the past few years.　　News Corp is now looking for a new club for MySpace. In the interview, Mr Murdoch also commented on News Corp's takeover of The Wall Street Journal. ' It's the only expensive deal that News Corp has ever made, ' he says. We believe we have succeeded and now I think it is the best newspaper in the world. "In August 2007, News Corp and Dow Jones signed a cooperation agreement, and Murdoch bought Dow Jones and its Wall Street Journal for 5.6 billion of dollars." (Loliang)