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News Corp. Gets Rid Of MySpace For Just $35 Million

Six years after selling to Rupert Murdoch’s News Corp. for $580 million, the once powerful social network MySpace.com is selling for just $35 million to ad-targeting firm, Specific Media. According to the Wall Street Journal, the deal was announced Wednesday (June 29), valuing the struggle social network at between $30 million and $40 million, well below the $100 million News Corp. was seeking…
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