Rupert Murdoch's attempted buyout of popular social site MySpace looks like it could be on the rocks, according to this report from our media team...
Shareholders have filed a class action alleging that executives, directors, officers and controlling shareholders of Intermix benefited themselves at the expense of the company and investors when they agreed to sell the company to News Corporation, the global media giant run by Rupert Murdoch.
They want an injunction to stop the sale as well as damages.
A spanner in the works, though Murdoch is usually doggedly persistent in his acquisitions...
