Wednesday 29 June 2011
Justin Timberlake To Bring MySpace Back?
The death of MySpace seemed near as News Corp. was rumored to either offload the platform or shut it down completely before this Thursday—its fiscal year end—to get the money losing property off its books. Thankfully, today a deal was reached to sell the property to Specific Media for $35 million, a disappointing number compared to the $100 million target and the original $600 million purchase price back in 2005. But, nonetheless, there is new hope today for MySpace, as it
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