Tags: News | Corp. | Sell | Myspace

News Corp. Said to Agree to $35 Million Sale of MySpace Website

Wednesday, 29 Jun 2011 02:45 PM

News Corp. agreed to sell MySpace, the money-losing social networking website, to Specific Media for about $35 million, said a person with knowledge of the situation.

News Corp. will keep about a 5 percent stake in the website, said the person, who wasn’t authorized to speak publicly.

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News Corp. agreed to sell MySpace, the money-losing social networking website, to Specific Media for about $35 million, said a person with knowledge of the situation.News Corp. will keep about a 5 percent stake in the website, said the person, who wasn t authorized to speak...
News,Corp.,Sell,Myspace
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2011-45-29
Wednesday, 29 Jun 2011 02:45 PM
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