News Corp Lets Go -- MySpace Gets Purchased by Specific Media
News Corp has sold MySpace to Specific Media, a digital media company. The deals’ details were not disclosed, but reports are speculating that it’s in the $35 million area. This ends an era for the once social networking leader.
We are looking forward to seeing what MySpace does in the future, and if they are able to turn their service around to create a better sense of community, discovery and play. The company, which used to be regularly reported as “Facebook’s rival” has long since been abandoned by its mainly teen demographic.
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