Wednesday 29 June 2011

MySpace Sold For $35 Million To Specific Media

It’s official. According to an exclusive through AllThingsDigital, the once popular but now ailing social network, MySpace, has been sold. Yesterday, news came that News Corp. was looking to close a deal before the end of this week with low bids coming in between $20 to $30 million. It seems they managed to up the final sale price to $35 million with Specific Media being the “lucky” winner.


Sources familiar with the situation say that the deal is to be completed today,

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