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Jun 15, 2011 · June 15, 2011 @ 10:37 PM. It was the right bet on the wrong horse. Six years ago, News Corp. made an ambitious gamble on the coming wave in technology, social networking, paying $580 million to...
Jun 29, 2011 · Reuters. June 29, 20113:30 PM PDTUpdated 13 years ago. By Jennifer Saba. NEW YORK (Reuters) - News Corp has sold Myspace for $35 million, a fraction of what it paid for the once-hot social...
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Dec 4, 2009 · A move by MySpace and other News Corp digital businesses into the biggest new office development in Los Angeles was scrapped – after the $350m, 12-year lease had been signed – leaving the...
Jun 30, 2011 · Rupert Murdoch's News Corporation bought Myspace in 2005 for $580m. In 2006 Google signed a $900m deal to sell ads on Myspace; by 2007 it had 300m registered users and was being valued at...
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Jul 19, 2005 · Rupert Murdoch’s News Corp. agreed Monday to acquire Los Angeles-based Intermix Media Inc., the parent company of MySpace, for $580 million in cash. The deal continues the rush of old-media...
Jun 29, 2011 · June 29, 2011 -- News Corp. has sold its ailing social media site, MySpace, to Specific Media for a reported $35 million -- after buying it for $580 million six years ago.
Jun 30, 2011 · So let's say that sales in 2006 landed at about $70 million with a breakeven bottom line. From there, News Corp COO Chase Carey said that the bulk of that Other segment consisted of MySpace...