Feb
18th
Mon
18th
Murdoch’s incubator(s)
I’m impressed that Myspace’s Chris Dewolfe has started an incubator inside News Corp.
Murdoch and MySpace CEO Chris DeWolfe plan to be closely involved in the venture, which News Corp. has seeded with $15 million to hire roughly 40 employees, mostly software developers, say people with knowledge of the plans. The venture is being launched nearly a half-year after archrival Facebook announced a $10 million fund to invest in software companies that build applications for its social network. ….