MySpace expanding into Europe this summer

The Financial Times reports that MySpace plans on expanding into 11 European countries this summer, and possibly into China and India in the future. France and Germany will be amongst those countries who will first see the international MySpace sites launched

The company will on Tuesday announce that David Fischer has been appointed as managing director for the UK and Europe. Mr Fischer, 40, was founder and chief executive of Xlantic Group, a music marketing company, and has worked at Pressplay and AOL Europe.

Mr Fischer, who will be responsible for negotiating with television and music content owners to develop local versions of MySpace, said the first foreign-language sites would be ready later this summer.

MySpace, which was bought last year by News Corp for $580 million, is currently the largest social networking website, with more than 86 million users.