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(Image from article: "News Corp. Sells MySpace to Specific Media for $35 Million")

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News Corp. Sells MySpace to Specific Media for $35 Million

News Corp. Sells MySpace to Specific Media for $35 Million

MySpace, bought by the News Corporation six years ago for $580 million, has been sold to Specific Media for about $35 million, two executives with knowledge of the sale said Wednesday.

Senh: That's a third of what Friendster got sold for.

 

Two Leading Bidders Emerge in Myspace Talks

Two Leading Bidders Emerge in Myspace Talks

News Corp.'s talks to sell most of Myspace have narrowed to two leading bidders, the ad-targeting firm Specific Media and Golden Gate Capital. Any deal would include hundreds of job cuts at the struggling social-networking website.

 

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