[Reuters] News Corp sells Myspace, ending six-year saga

Posted by: UGN Security

[Reuters] News Corp sells Myspace, ending six-year saga - 06/29/11 02:26 PM

NEW YORK (Reuters) - News Corp has sold Myspace for $35 million, a fraction of what it paid for the once hot social media site even as a new generation of web-based start-ups is enjoying sky-high valuations.