You will be redirected back to your article in seconds

MySpace honcho finds more space

BroadWebAsia has invested $5 million to $10 million

HONG KONG — Brad Greenspan, former CEO of MySpace parent company Intermix Media, has set up a venture investing in social networking, entertainment and search companies in Asia.

BroadWebAsia has initial funding from Greenspan and in its first five months of operation has invested $5 million to $10 million through investment or partnership with 20 Internet firms in China. Most prominent is BBMAO, a China-focused meta-search engine.

BWA wants to raise a further $50 million from private equity groups or banks. Company is also examining possible flotation on either the Hong Kong Stock Exchange or London’s Alternative Investment Market.

“We will be investing in content creators in China as well as search and social networking services. Content is a huge part of what is going on in China,” Greenspan said. “We don’t call ourselves a fund because we are more hands on than most funds, we create partnerships between our companies.”

Intermix Media was acquired by News Corp. for $580 million last year. Greenspan was its largest shareholder.

More Digital

  • Chelsea Handler Netflix trailer

    'Chelsea' Proves Netflix Can't Always Beat TV at Its Own Game (Opinion)

    HONG KONG — Brad Greenspan, former CEO of MySpace parent company Intermix Media, has set up a venture investing in social networking, entertainment and search companies in Asia. BroadWebAsia has initial funding from Greenspan and in its first five months of operation has invested $5 million to $10 million through investment or partnership with 20 […]

  • Twitter outage

    Twitter to Ban Groups Promoting Violence, Hate Symbols

    HONG KONG — Brad Greenspan, former CEO of MySpace parent company Intermix Media, has set up a venture investing in social networking, entertainment and search companies in Asia. BroadWebAsia has initial funding from Greenspan and in its first five months of operation has invested $5 million to $10 million through investment or partnership with 20 […]

  • Echo Fox - Yankees - esports

    New York Yankees Invest in eSports Holding Firm Backed by Ex-NBA Star Rick Fox

    HONG KONG — Brad Greenspan, former CEO of MySpace parent company Intermix Media, has set up a venture investing in social networking, entertainment and search companies in Asia. BroadWebAsia has initial funding from Greenspan and in its first five months of operation has invested $5 million to $10 million through investment or partnership with 20 […]

  • Thomas and Friends- Big World! Big

    International Newswire: Mipcom Sees First Signs of Peak TV Animation

    HONG KONG — Brad Greenspan, former CEO of MySpace parent company Intermix Media, has set up a venture investing in social networking, entertainment and search companies in Asia. BroadWebAsia has initial funding from Greenspan and in its first five months of operation has invested $5 million to $10 million through investment or partnership with 20 […]

  • The Walking Dead 360 Experience: Negan

    'Walking Dead' Claws Deeper Into VR in AMC's New Virtual-Reality App

    HONG KONG — Brad Greenspan, former CEO of MySpace parent company Intermix Media, has set up a venture investing in social networking, entertainment and search companies in Asia. BroadWebAsia has initial funding from Greenspan and in its first five months of operation has invested $5 million to $10 million through investment or partnership with 20 […]

  • David White SAG-AFTRA

    SAG-AFTRA, Ad Industry Agree on Waiver for Low-Budget Digital Commercials

    HONG KONG — Brad Greenspan, former CEO of MySpace parent company Intermix Media, has set up a venture investing in social networking, entertainment and search companies in Asia. BroadWebAsia has initial funding from Greenspan and in its first five months of operation has invested $5 million to $10 million through investment or partnership with 20 […]

  • Apple iphone SE Announcement Apple Watch

    Apple Watch Loses Cellular Connectivity in China, Spooking Investors

    HONG KONG — Brad Greenspan, former CEO of MySpace parent company Intermix Media, has set up a venture investing in social networking, entertainment and search companies in Asia. BroadWebAsia has initial funding from Greenspan and in its first five months of operation has invested $5 million to $10 million through investment or partnership with 20 […]

More From Our Brands

Access exclusive content