InfoAnda - News Corp to sell Myspace for $35 million: source |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Malaysia deputy PM in helicopter emergency landing | 16 August 2009
Choking dust storm hits Australia's east | 27 September 2009
"Dragon" set to overshadow J.Lo at box office | 23 April 2010

Cambodia's golf plans now face financial hurdles | 3 December 2008

Forum Views () Forum Replies ()

Read more with google mobile : News Corp to sell Myspace for $35 million: source |

Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read UPDATE 1-Los Alamos scurries to protect nuclear lab from fire 28 Jun 2011 Violence flares before key Greek austerity vote | 8:58am EDT Instant view: Greek parliament votes for austerity plan 9:40am EDT France airlifts arms to bolster Libyan rebels | 4:42pm EDT Honey, will you marry... Oh. Never mind... 14 Mar 2008 Discussed 221 Biden deficit-cut talks hit impasse: Rep. Cantor 114 Fragile economy pushed Obama to tap oil reserves 97 Top Republicans insist no taxes in debt deal Watched A Tokyo-Paris flight in under three hours on the horizon Fri, Jun 24 2011 Hefner's revenge; Ryan Reynolds stops traffic Fri, Jun 17 2011 China's luxury fast train debuts Mon, Jun 27 2011 News Corp to sell Myspace for $35 million: source Tweet Share this Email Print Related News Dealtalk: News Corp set for BSkyB price showdown 7:11am EDT News Corp close to selling Myspace: source Tue, Jun 28 2011 UPDATE 1-News Corp close to selling Myspace -source Tue, Jun 28 2011 Fund manager Odey seeks higher BSkyB offer: report Sun, Jun 26 2011 Police arrest woman in News of the World probe Thu, Jun 23 2011 Analysis & Opinion Felix TV: Is blogging dead? Deals wrap: LSE may become a target Related Topics Technology » The home page for myspace.com is seen in this screenshot taken June 29, 2011. Credit: Reuters/Handout NEW YORK | Wed Jun 29, 2011 3:14pm EDT NEW YORK (Reuters) - News Corp has sold social media site Myspace for about $35 million to online advertising company Specific Media, according to a source familiar with the transaction. The deal, announced on Wednesday, calls for News Corp to retain a minority stake in the website that it purchased six years ago for $580 million, the companies said. They did release detailed financial terms, but the source said that transaction is a mix of cash and stock with News Corp retaining about 5 percent. Additionally, more than 50 percent of Myspace's 500-strong workforce is expected to be laid off because of the sale, the source said. "There are many synergies between our companies as we are both focused on enhancing digital media experiences by fueling connections with relevance and interest," said Tim Vanderhook, chief executive of Specific Media in a statement. The source is not authorized to speak publicly about the deal. The sale of Myspace caps six years of ownership under Rupert Murdoch's News Corp, which swooped in to buy Myspace beating out rival Viacom for what was then one of the world's hottest social networking sites. (Reporting by Jennifer Saba, editing by Bernard Orr) Technology Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Thursday, 30 June 2011
Myanmar government warns Suu Kyi on planned tour |
Greek police battle rioters as austerity bill passed |
Trial Opens of New Orleans Police Officers Charged in the Danziger Bridge Shootings
California state lawmakers pass budget with deep cuts
North, south Sudan agree on demilitarized border zone |
Toyota voluntarily recalling 2006, 2007 Highlander Hybrid and Lexus Rx 400h
North Irish militants forcing police from their homes |
Lindsay Lohan finishes house arrest sentence
Pat Cantlay may be the most intriguing golfer in AT&T field
Obama welcomes same-sex marriage in New York
Online labor demand down nearly 100K in June
Obama asks Congress to cancel vacations, deal with challenges
Mexico appeals to Supreme Court to spare citizen from death penalty
Bangladesh plans moves to get off human trafficking watch list
News Corp to sell Myspace for $35 million: source |
LivingSocial moving ahead with $1 billion IPO: report |
Vulnerabilities found in Google Chrome PC security |
Lindsay Lohan ends home detention after 35 days |
Second Greek vote expected to pass amid protest anger |
Egypt police clash with youths; over 1,000 hurt |
Exclusive: U.S. to resume formal Muslim Brotherhood contacts |
Hot-hitting Mets score 16 runs to survive slugfest with Tigers
Newsmaker: South Sudan president steers nation to independence |
Chinese Mongolians protest again, herders beaten: rights group |
Yunel Escobar comes through as Blue Jays rally past Pirates
Analysis: A Thaksinomics renaissance in Thailand |
Kim cancelled Russia trip on security worry: report |
Thunder extend veteran center Nazr Mohammed's deal
Magnitude 5.4 quake hits central Japan, 7 injured |
Notre Dame wideout Floyd gets probation after guilty plea for drunk driving
Dave Hutsell wins 44th PGA club pro championship
New doubts raised on Saleh's return |
Hot-hitting Mets storm to 8-2 fifth inning advantage over Tigers
Indians jump out to early lead, take rubber-game from Diamondbacks
Women's World Cup: Rosana's goal launches Brazilians over Aussies
Joe Rogan to return for "Fear Factor" re-boot
Scott Baker tossed 7 1-3 scoreless frames as Twins blank Dodgers
Amazon protests California Web-sales tax plan |
Samsung asks U.S. to ban iPad, iPhone imports |
Dell to keep up acquisitions, sustain margin growth |
Transformers debut ticket sales top $13 million |
David Duchovny and wife Tea Leoni separate again |
Man gets two years for Paris Hilton burglary attempt |
Author James Patterson eyes movies, kids reading |
New Yorkers get fresh look at Ai Weiwei's art |
NATO air strike kills fighter linked to Afghan hotel attack |
Russia: arming Libya rebels is crude violation |
U.N.-backed court delivers Hariri killing indictments |
UK teachers, civil servants strike over pensions |
College tuition data released for first time
Some states still leave low-income students behind; others make surprising gains
Brotherhood gets out Muslim message with movies
Denise Richards adopts baby girl
Sarkozy involved in scuffle during handshake tour |
Firefighters hopeful about wild fire burning near Los Alamos lab
Myanmar's Suu Kyi to plans first trip since release |
Moroccan voters asked to approve reforms
Still waiting for an anti-human trafficking law
Analysis:French opinion shifts but a nuclear exit would be tough |
Javier Colon wins first season of 'The Voice'
Cultural mainstreaming leaves MSM at high HIV risk
Satellite data to help farmers with micro-climates
DealTalk: Private equity scours Hewlett-Packard for cracks |
Skype introduces video calling for Android phones |
LightSquared submits GPS report to FCC |
HMV to refocus on gadgets as profits slump |
Global tech spend to jump 7.1 percent in 2011: Gartner |
Vodafone CFO sees $5.5 billion dividend from Verizon |
Harry Potter to cast final spell with eighth, last film |
Forgotten Chaplin film fails to find buyer at auction |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01