Bobby Kotick, the much-reviled CEO of Activision Blizzard, is in talks on behalf of an investor group he’s involved with to buy a controlling stake in the floundering social network Myspace.
Kotick is one of the investors in this group, and his part in the purchase will be a personal one, with Activision Blizzard — the company that publishes such titles as Call of Duty and World of Warcraft — taking no part in the deal.
If the deal goes through, Kotick’s own stake will be a small one.
News Corp currently owns Myspace, having bought it for $580 million. It’s now struggling to have the site valued at even $100 million, making it affordable for a group of rich guys who clearly hate their money.
Article source: TNW http://feedproxy.google.com/~r/TheNextWeb/~3/Sc03J5mHAHg/