The founder of the company that spawned MySpace said Monday that he would be willing to work with an investment firm recruited by Dow Jones & Co. staffers to fashion a joint bid for the financial news empire, the Los Angeles Times reports.

Brad Greenspan, who made a reported $47 million when his EUniverse was sold to Rupert Murdoch’s News Corp., said in an interview that he would be happy to join forces with Yucaipa Cos.

Controlled by Los Angeles billionaire Ron Burkle, Yucaipa has been advising the main union representing Dow Jones journalists, including those at the Wall Street Journal.

“They’ve certainly got great experience, and we would welcome working with them in some capacity,” Greenspan said. “We are definitely open to talking to any other parties.”

He declined to say whether talks had begun.

Dow Jones is in advanced talks to sell itself to News Corp. for $5 billion, far more than the company was being valued by the stock market before the offer.

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