Stig Östlund

torsdag, juni 30, 2011

Myspace to be sold for $35 million

Los Angeles Times
June 29, 2011
11:27 a.m.

Myspace, formerly the dominant online social network, will be sold to Irvine-based Specific Media for $35 million in cash and stock, a person familiar with the matter said. News Corp., which acquired Myspace in 2005 for $580 million, plans to retain a small stake in company.

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