WATCH TV LIVE

NEWSMAX TV HEALTH MONEY WORLD
Tags: News | Corp. | Sell | Myspace

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

Wednesday, 29 June 2011 02:45 PM EDT

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.

© Copyright 2026 Bloomberg News. All rights reserved.


Click Here to comment on this article
Share
Companies
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
47
2011-45-29
Wednesday, 29 June 2011 02:45 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved