News Corp. Finalizing $30M Sale of MySpace
Date: Tuesday, June 28, 2011 @ 20:46:09 UTC

MySpace's parent company News Corp. is in the final stages of selling the under-performing social network for $20 $30 million, reports All Things Digital. News Corp. is apparently in a rush to complete an acquisition deal by Thursday - its fiscal year-end. The media giant probably doesn't want MySpace to blemish its 2012 financial records, especially given the lackluster revenue predictions. Complete Article

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