4 ms·

It’s another Murdoch ‘asset’ I believe.

• rmason 9y ago
  Rupert Murdoch bought it for $580 million in 2005 and then sold it to Justin Timberlake and Specific Media Group a few years later for $35 million. According to their Wikipedia page Timberlake & Co sold it in 2016 to Time Inc. http://variety.com/2016/digital/news/time-inc-myspace-viant-1201703860/ http://variety.com/2016/digital/news/time-inc-myspace-viant-...
  • runamok 9y ago
    And it was an assets sale to Time which resulted in all common stock holders (aka employees) getting wiped out. Good times.
  • viraptor 9y ago
    The last trade is a shame. I saw the demo of MySpace around 2014 and found it almost exciting. It was at the time when they were trying to make it all about media consumption with transparent handover between devices and TVs / computers. The tech looked quite fun. Looks like they couldn't get enough interest to pull it off :-( For some reason they were trying to get geeks at local meetups excited about it. I got a can of MySpace-branded energy drink which was one of the weirdest gifts...
• deleted 9y ago
  [deleted]