Myspace Has a Buyer, and Her Name is Specific Media
Digital ad network Specific Media announced today that they have acquired Myspace from News Corporation.
Terms of the agreement “are confidential and will not be disclosed,” meaning they’re not going to tell us nosy parkers how much (or how little) they paid for the the Beverly Hills-based social network. But an insider told the Wall Street Journal that the selling price was $35 million in stock and cash. So now News Corp. has a minority equity stake in Specific Media.
Tim
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