Respect their space

Rupert Murdoch’s campaign to conquer the internet will meet its first big challenge on Friday, when shareholders of Intermix are due to vote on the sale of the website operator. A group of investors, led by former Intermix chief executive Brad Greenspan, are working the phones to block the deal, saying the board had undervalued the company. Greenspan has got a fair point on valuations: the offer is near the low end of the fairness opinion provided by Intermix’s investment bank. But a big invest...