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In July 2005, Myspace was acquired by News Corporation for $580 million [7] and, in June 2006, it surpassed Yahoo! and Google to become the most visited website in the United States. [8] [9] It generated $800 million in revenue during the 2008 fiscal year. [10]
- August 1, 2003; 20 years ago
- Tim Vanderhook (CEO), Chris Vanderhook (COO)
- United States
- Viant Technology LLC
Apr 29, 2021 · Anderson sold Myspace to News Corp in 2005 for $580 million. Six years later, Myspace sold again for a hugely depreciated $35 million, prompting Rupert Murdoch to refer to the initial purchase as...
- Luke Winkie
3 days ago · 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 Owns Myspace? Myspace is currently fully owned by Viant Technology Holding Inc. (formerly Specific Media), which acquired Myspace for $35 million from News Corp. in June 2011. Viant itself was acquired by Time Inc in February 2016 for an undisclosed amount. Time Inc was then acquired by Meredith for $2.8 billion.
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Sep 21, 2023 · Controversial Former Owner of Myspace Steps Down Buying (and burying) Myspace, beefing up Fox News, lighting media dumpster fires—longtime News Corp head Rupert Murdoch shaped cultural ...
Feb 11, 2016 · Now, it’s Time Inc. that is aiming to resurrect MySpace — but not without just cause. The relentless decline of the print industry is no secret, and the 94-year-old publishing house is far ...
Feb 11, 2016 · Tali Arbel. The Associated Press. NEW YORK (AP) — Myspace still exists? It does, and the company that owns the once-ubiquitous social network is being bought by Time Inc. to help the magazine...