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Bobby Kotick would be investing in the social networking site as an individual, reports All Things Digital, with the Santa Monica-based videogame company not involved. Kotick himself would not take an active role in MySpace. Of course, that all assumes it happens - News Corp. has been struggling to unload Bev Hills-based MySpace, and even this latest possibility calls for the Rupert Murdoch-owned company to hold onto a 20 percent stake. Kotick's interest is apparently recent.
Sources said the other possible bidders -- including music video service Vevo, a group including Myspace founder and former CEO Chris DeWolfe, an internal effort by current CEO Mike Jones, several private equity groups and even MyYearbook -- mentioned in past reports have not worked out for various reasons.
Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.