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MySpace sold to Specific Media for $35 Million
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The following comments relate to this news article:

MySpace sold to Specific Media for $35 Million

article published on 29 June, 2011

MySpace has been sold to Specific Media for $35 million, ending the failed News Corp. era for the social networking site. Specific Media is a large Ad-targeting firm that should make use of MySpace's remaining traffic. As part of the deal, News Corp will keep a small equity stake and CEO Mike Jones will step down within the month. Rupert Murdoch's News Corp. purchased the company ... [ read the full article ]

Please read the original article before posting your comments.
Posted Message
hikaricor
Member
_ 		29. June 2011 @ 19:28 _ Link to this message    Send private message to this user   
Yall got ripped off.
[ + quote]
Jeffrey_P
Senior Member
_ 		29. June 2011 @ 20:29 _ Link to this message    Send private message to this user   
Good thing before they went tits-up
Jeff
[ + quote]
ronatola
Junior Member
_ 		1. July 2011 @ 16:36 _ Link to this message    Send private message to this user   
jumping on a sinking ship = FAIL
[ + quote]
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mscritsm
Junior Member
_ 		6. July 2011 @ 03:15 _ Link to this message    Send private message to this user   
Looks bad, but for an investment of $35 million you only need a profit of a few million per year to make it work. That's what, 20 or 30 million uniques per month? Myspace could still do that.

Bottom fishers serve an ecological niche in this world...
[ + quote]
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