News Corp. Sells MySpace For Bargain $35 Million

Posted in Social Media by AURUM3 NewTech on the June 29th, 2011
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News Corp. offloaded the failing MySpace social website for a bargain price of $35 million to Specific Media and Justin Timberlake. That is a huge lost since News Corp bought MySpace for $580 million in 2005, and was hoping to fetch around $100 million for the social networking site.

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