Ex-Intermix CEO Brad Greenspan still hasn't gotten over the sale of his former company, the parent firm of MySpace, to Rupert Murdoch's News Corp. Greenspan rankles at the thought of News Corp's bargain-basement pickup of Intermix Media, and he is now suing his former company, VantagePoint Venture Partners, for breach of fiduciary duty by those directors who greenlighted the $580 million sale. AP & Dow Jones At issue is VantagePoint's alleged role in the sale. Greenspan cited communications between the venture capital firm and a member of the Intermix board of directors, Richard Rosenblatt, as evidence of improper conduct. The report also noted a previous lawsuit filed by Greenspan against Intermix was dismissed last year. A current lawsuit by former Intermix shareholders over the sale of the company to News Corp is also making its way through the courts. document.write("Email murdok here.") Drag this to your Bookmarks. Add to document.write("Del.icio.us") | Yahoo! My Web David Utter is a staff writer for murdok covering technology and business.
Greenspan Still Angry Over MySpace Deal
2 min read
1 views
Comments (0)
Please sign in to leave a comment.
No comments yet. Be the first to comment!