Want to read Slashdot from your mobile device? Point it at m.slashdot.org and keep reading!

 



Forgot your password?
typodupeerror
Compare cell phone plans using Wirefly's innovative plan comparison tool ×
Advertising

Submission + - Specific Media to buy MySpace (wsj.com)

tripleevenfall writes: Ad-targeting firm Specific Media has agreed to buy News Corp.'s struggling social-media site Myspace.
The deal, expected to be announced today, values Myspace at between $30 million and $40 million, well below the $100 million News Corp. was seeking for the troubled social-media site. The deal involves considerably more equity for News Corp. than cash, according to a person familiar with the matter. News Corp will retain a small stake in the site, the people familiar with the matter said.

This discussion was created for logged-in users only, but now has been archived. No new comments can be posted.

Specific Media to buy MySpace

Comments Filter:

Lo! Men have become the tool of their tools. -- Henry David Thoreau

Working...