AM NEWS: MySpace Sale Update, RockMelt Gets $30M, We7.be, Sony CEO’s Cut & More
More bidders still in the running for MySpace including co-founders Tom De Wolfe and Tom Anderson with Bebo owner Criterion Capital. The price appears just north of the $30 million reported yesterday – a valuation only 5% of the $580 million News Corp paid in 2006.
- Facebook and social web browser RockMelt has raised $30 million more in funding from Andreessen Horowitz, Khosla Ventures and Accel Partners.
- Fresh off a new funding, We7 expands with its first launch on the EU mainland in Belgium. We7.be offers 7.5 million tracks. It's the country’s first licenced free music streaming service and includes major labels plus with local indies like Black Hole, EPM Online, NewsNV and PIAS.
- Poor Howard: Sony CEO Howard Stringer's compensation for the fiscal year ending in March dropped 16% to $4.27 million as the company posted its 3rd straight year of losses.
- Music marketer Unleashed Music will be using SliceThePie's SoundOut analytics and market insight service.
- How Turntable.fm Could Be Even More Awesome… And Make Everyone Money (Techdirt)