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MySpace Sells to Specific Media for 35M Wednesday, June 29, 2011 - Gloria Koss Home >> Headlines >> Computer Technology   
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Back in July 2005, the deal seemed so promising. Rupert Murdoch's News Corp. (NWS) bought MySpace parent Intermix Media for $580 million. It was, by some measures, the fifth most-visited website in the U.S. then, and the largest social media company in the world. But on Wednesday, MySpace was sold for a reported $35 million to advertising network Specific Media. (source: dailyfinance.com)
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