] HipMojo.com » FIM Sells Non-MySpace Intermix Assets Back to Intermix CEO

FIM Sells Non-MySpace Intermix Assets Back to Intermix CEO

Somewhere, Intermix founder Brad Greenspan is foaming at the mouth.  The man who orchestrated the sale of Intermix to News Corp. for $580 million, Richard Rosenblatt is buying back all of the non-Myspace assets.

That’s interesting, let the conspiracy theorists run amok.

Read more about this deal from the folks at Paid Content. 

Pretty interesting, I think this pretty much cements what FIM will look like in the next 1, 3 or 5 years.  While Murdoch had earmarked $2 billion for online acquisitions, it looks like the deals will all come in the $1.5B range (with IGN and MySpace parent accounting for some $1.3B of that).  I guess they simply did not see much else in the landspace, and this was confirmed with Ross Levinsohn resigning from the company.  A lot of VCs and Web so-called 2.0 startups cried when that happened, I guess.

It is interesting to see how IGN will fit in all of this.  Time will tell.

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Posted By: Ashkan Karbasfrooshan | Nov 20th

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