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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.

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Specific Media to buy MySpace

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