Thursday 30 June 2011

MySpace sold to Specific Media and Justin Timberlake

News Corp has finally managed to offload MySpace, a website it bought back in 2005 for $580 million, selling the site for just $35 million (£22 million).Specific Media, one of the rumoured buyers, is the company that signed on the dotted line for MySpace and it has been revealed that popstar turned actor Justin Timberlake will take an ownership stake in the flagging social network and push the music side of the business."There's a need for a place where fans can go to interact with their

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