Updated: MySpace COO Amit Kapur Leaving With Two Other Execs For Startup

MySpace COO Amit Kapur is leaving, a little over a year after he was promoted, according to All Things D. Our sources confirmed that he has resigned, though details on when he’ll leave and where he’s headed are scarce. They did back up Kara’s assertion that he might be headed for something “more entrepreneurial” — as two other team members are leaving to work with him, one of whom is Steve Pearman, SVP of product strategy. Both moves have been announced internally via memo.

CEO Chris DeWolfe promoted Kapur from VP of business development as part of MySpace’s push to open its platform and go global; he oversaw the launch of MySpace India and MySpace Music. We can report that MySpace plans to replace Kapur with a new COO, a much-needed role.

Valleywag has the memo, which notes that Pearman and Jim Benedetto, SVP, engineering, are leaving to join Kapur’s new, unnamed startup.

Update: In addition to the lengthy internal memo — we’ve also received it so you can read the full text after the jump — MySpace has issued a statement from DeWolfe stressing that “Amit, Jim, and Steve depart as great friends of MySpace and of our executive team. They will remain on board for the next few weeks to ensure a smooth transition company-wide.