NewsCorp Seeks International Expansion for MySpace

21 June 2006

LONDON - British-headquartered social networking site MySpace, acquired last year for $580 million (€461.16m; £315.2m) by News Corporation, plans to use the UK as a springboard into Europe and beyond via deals with "old media" and cellphone operators.

Eleven nations are targeted, among them France and Germany, plus China and India in the longer term. MySpace, has grown rapidly since its inception three years ago and is now the globe's biggest networking site with 86 million users.

On Tuesday the company announced it had appointed David Fischer managing director for the UK and Europe. He will be responsible for negotiating with TV and music content owners to develop local versions of MySpace. The first foreign-language sites will be ready later this summer.