Kotick in line for MySpace buyout

Activision Blizzard CEO Bobby Kotick is considering purchasing a controlling stake of the struggling social network MySpace, according to reports.

Kotick had been approached by an unknown investment group about buying News Corp’s online network, which has lost considerable ground to Facebook.

Three insiders, speaking to Reuters, say Kotick has yet to make a full commitment to the Myspace buyout.

Kotick’s involvement is personal and nothing to do with Activision at this stage, one source claimed.

Develop has all the details.