Specific Media buys Myspace for $35 million from News Corp.

By Emil
Jun 29, 2011
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  1. Specific Media, a digital media company, has announced it has acquired Myspace, previously called MySpace but now stylized as My_____, from News Corporation. As part of the agreement, News Corporation…

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  2. be_patient

    be_patient TS Rookie Posts: 103

    I don't even understand why you would spend 35 million on it.
  3. Julio Franco

    Julio Franco TechSpot Editor Posts: 6,908   +543

    It's a big bet but myspace still receives a ton of traffic (for now) even though it's plummeting at an accelerated pace.
  4. treetops

    treetops TS Evangelist Posts: 1,842   +126

    News corp. is what killed it in the first place, no one trusts a company that owns fox news.
  5. Xclusiveitalian

    Xclusiveitalian TS Guru Posts: 690   +55

    Myspace needs to go away! No one uses it anymore except music artist and spammers, honestly, everyone went to facebook so they can have all there data stolen at a much faster rate!
  6. example1013

    example1013 TS Enthusiast Posts: 265

    News Corp. owns a lot more than just Fox News. In fact, I'd wager that News Corp owns some nutjob liberal thing somewhere, too.

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