Barry Diller’s IAC is reportedly looking to sell half of Vimeo. Last night PandoDaily’s Erin Griffith reported that “two sources familiar with the situation” say that IAC is pairing a spinoff of Vimeo with a $50 million round of funding
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Not long after laying off 47% of its workforce, News Corp is also likely to hang a “For Sale” sign on its MySpace social networking site, the company’s CEO confirmed to Bloomberg. But as the buzzwords around MySpace move from, “You’re Fired,” to “For Sale,” the bigger question for users is, “What happens to my data?”
