Specific Media buys MySpace, already has one friend named Tom

To be honest, we weren’t entirely surprised to hear rumors back in February that News Corp. was seeking to hand off MySpace — of course , among the luster seems to have left the once-mighty social network, and Rupert Murdoch’s time nowadays is pretty full running a media empire and saying things in an Australian accent. Word got out this week that the location has landed firmly inside the hands of the broadly-named Specific Media, a digital ad network that apparently couldn’t social gathering a fab $19.1 billion for the primary-place Facebook. In keeping with rumors, the corporate scored MySpace for the rock-bottom price of $35 million, a fragment of the $580 million its predecessor paid a half-dozen years ago. No word on whether Murdoch’s electroclash band will continue to apply the service to advertise its gigs.

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This post is tagged: australian accent, electroclash, media empire, rock bottom price, rupert murdoch, saying things