So myspace.com was sold today to a company called Specific Media for approx $35million.
Significantly News corp bought it for $580 million in 2005. A dramatic loss of users led to it's current demise.
Specific Media look to be teaming up with Justin Timberlake to reinvigorate the site and change it's angle towards being more a music, video, art site to increase the site's customer and advertising base.
It will be interesting to see if it can be reinvigorated.
Source: http://specificmedia.com/press/159
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