MySpace founder probes News Corp deal

The founder of MySpace.com parent Intermix Media is seeking a federal investigation of the sale of Intermix to News Corp last year.

Brad Greenspan, Intermix founder, claims the deal defrauded shareholders by undervaluing the Internet`s most popular networking site.

"On Thursday, Greenspan accused former Intermix CEO Richard Rosenblatt of hiding revenue growth data at MySpace from shareholders to present a distorted financial picture and execute a deal quickly. Greenspan`s claim contends MySpace could now be worth more than $20 billion," reports News.com.

Ghost Recon: Advanced Warfighter has picked up a Bafta award for game of the year, according to BBC News.

The game also won the technical achievement award at a ceremony held in London last night, while PlayStation game LocoRoco won awards in the best character and best children`s title categories.

Lego Star Wars II won the award for gameplay while PlayStation 2 title Shadow of the Colossus earned the artistic achievement prize. Shadow of the Colossus also won the best action and adventure Bafta.

ABM Industries has entered a $100 million technology services contract with IBM, writes MarketWatch.

IBM will provide ABM Industries with IT infrastructure and services for seven years and three months, according to the company`s filing with the Securities and Exchange Commission.

"ABM Industries, which provides air conditioning, elevator, parking and other building services, said it entered the contract to reduce in-house IT risks and to upgrade its technology infrastructure in support of growth and strategic business initiatives," reads the article.