Credit:
Amid the YouTube-Google hubbub yesterday, another sale was making headlines yet again: Brad Greenspan, founder of MySpace's parent company Intermix Media, had his suit dismissed by a Los Angeles judge. Superior court judge Carolyn B. Kuhl rejected the case on Friday, as well as challenges from other shareholders, finding that the MySpace acquisition was lawful. Greenspan's complaint was that Intermix's directors, including CEO Richard Rosenblatt, sought personal gains and ignored the shareholder's best interests. In short, he thinks the MySpace deal was rushed, and that the shareholders weren't fully clued in on the true value of the site.