The latest on Murdoch’s efforts to launch a Chinese version of MySpace, from the Independent:
Rupert Murdoch, the septuagenarian media mogul, is planning to appoint his wife, Wendi Deng, to the board of MySpace China, the latest overseas offshoot of the social networking website he bought last year.
The couple have been seeking local partners to help develop the Chinese version of the site, which has 80 million users across the rest of the world, and rumours are swirling that they are close to appointing a chairman for the venture.
News Corp – which paid $580m for the company behind MySpace in July 2005 – is understood to be talking to two Chinese private equity vehicles about backing the venture. [Full text]
