Friday, 1 July 2011

News Corp Dumps MySpace for Pennies on the Dollar

A day after Google went public with a tilt at Facebook, todays dominant social network, News Corp has found a buyer for MySpace, the ruling online hangout of yesteryear.

The selling price is said to be between $30 million and $40 million � at best about 7 cents on the dollar News Corp paid six years ago.


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