MySpace on verge of being sold, for $30 million


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MySpace on verge of being sold, for $30 million

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The following comments relate to this news article:

MySpace on verge of being sold, for $30 million

article published on 28 June, 2011

News Corp. is just about ready to part with the death spiraling social network MySpace, at a price at least 70 percent smaller than their asking price. The two companies looking to buy MySpace for $20-$30 million are Golden Gate Capital, a private equity firm, and Specific Media, an ad network. Rupert Murdoch's News Corp. purchased the company for $580 million in 2005 and quickly saw ... [ read the full article ]

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hikaricor

Member

28. June 2011 @ 13:09

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What will it be melted down into and resold as?
Because it sure as hell isn't worth anything right now.

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DSWarrior

Junior Member

28. June 2011 @ 15:27

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Originally posted by hikaricor:
What will it be melted down into and resold as?
Because it sure as hell isn't worth anything right now.

True. Everyone I know with a MySpace account had it deleted or don't even remember they had it. It really fell hard from being the top networking site, to being just a struggling site shunned by millions...

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DS Warrior ! ! !

ROMaster2

Member

28. June 2011 @ 19:36

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Surprised Facebook isn't trying to buy MySpace

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smiler123

Suspended permanently

28. June 2011 @ 21:35

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