Intermix Media's board of directors today rejected an unsolicited takeover offer from an investor group led by former CEO Brad Greenspan and reiterated it's backing for a bid from Rupert Murdoch's News Corp.
The balls back in Greenspan's court and the private equity groups backing him. I'd guess the Intermix guys have probably done the right thing. Being part of a larger group should give them the greater potential for future growth.
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