Why Tim Vanderhook Paid $35 Mil for MySpace (Q&A)
Date: Thursday, July 14, 2011 @ 18:34:03 UTC

Few in Hollywood had heard of Specific Media, an online advertising network led by CEO Tim Vanderhook, until it came out of left field in late June to buy News Corp.'s troubled social networking platform MySpace for $35 million. The Irvine, Calif.-based company then shocked many by naming actor/pop star Justin Timberlake as a minority investor and creative force. Complete Article

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