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On June 29, 2011, Myspace announced in an email to label partners and press that it had been acquired by Specific Media for an undisclosed sum, which was rumored to be as low as $35 million. [71] [72] CNN reported that the site sold for $35 million, and noted that it was "far less than the $580 million News Corp. paid for Myspace in 2005."
May 5, 2024 · In 2011 News Corporation sold Myspace to Specific Media (after 2015, Viant) and singer Justin Timberlake for about $35 million. Time Inc. , bought Viant in 2016. Time Inc., was purchased in 2018 by the Meredith Corporation, which then spun off Viant and its holdings like Myspace as Viant Technology in 2019.
- The Editors of Encyclopaedia Britannica
- Who created Myspace?Tom Anderson and Chris DeWolfe, employees of the Internet marketing company eUniverse (later Intermix Media), created Myspace in 2003.
- When did Rupert Murdoch buy Myspace?In 2005 Rupert Murdoch’s News Corporation purchased Myspace and Intermix for $580 million.
- When did Justin Timberlake buy Myspace?In 2011 Justin Timberlake and Specific Media purchased Myspace from News Corporation for about $35 million.
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Jun 29, 2011 · 29 June 2011. MySpace had been a leader in the social networking revolution. News Corporation has sold its ailing social networking site MySpace to online advertising firm Specific Media....
Mar 24, 2024 · With losses mounting exponentially and no hope for a turnaround on the website, NewsCorp had no choice but to sell MySpace at fire sale prices to Specific Media for just $35 million in 2011. Just 6% of what they had eagerly paid for it six years prior – marking a staggering fall for a company that once appeared utterly indomitable.
Jun 29, 2011 · JULY 2005: $580 MILLION News Corp. purchased MySpace for $580 million in cash. Some reporters speculated at the time that Murdoch was just buying access to the social network's young demographic...
Jun 29, 2011 · It’s official: NewsCorp has sold Myspace to advertising network Specific Media. The official release announcing the move did not mention a sale price, only that as part of the deal...
Jun 29, 2011 · By 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...
