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MySpace Sold for Mere $35 Million


The news of Myspace getting sold is no more new to most internet users now that it has now been confirmed that Myspace CEO, Mike Jones will be taking his leave of the company and also will some of the staffs of the company been showed the exit  route soon.
Myspace has been solve to an advertising network company known as the Specific Media for a mere sum of $35,000,000,00 ($35 million dollars).
Jone himself confirms this stating that he will be leaving the office after the restructuring process that which was included in the deal package, and he also confirms that some of the workforce will be reduced.

Read the full story here

7 comments
  1. Rojish

    June 30, 2011 at 5:32 pm

    I am thinking about Rupert Murdoch who bought myspace for $580 million few years ago. Now he sold it for just $35 million.

    I am wondering what will happen to Google’s Orkut next.

    Reply
    • Olawale Daniel Tayo

      June 30, 2011 at 6:00 pm

      Yeah! That’s a massive loss to the amount of money Mypspace worth then. Thanks a lot for this awesome comment :)

      Reply
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