04 Jul MurdochSpace loses $545million
Posted at 15:30h
in Uncategorized
MySpace has been sold to Specific Media for $35million – quite a slip from MySpace’s $580million worth when News Corp bought it in 2005. The site, despite being knocked off the map as a social networking site, still holds some clout as a place for music – perhaps new stakeholder Justin Timberlake will be able to be inventive with these rocky foundations.
http://www.guardian.co.uk/technology/2011/jun/30/myspace-sold-35-million-news