Wednesday, 29 June 2011

Myspace Acquired, CEO Out: Email From Mike Jones To Employees

Myspace CEO Mike Jones just sent out this mass internal email and press release confirming the company's sale to Specific Media earlier this morning. Kara Swisher is reporting that the sale was for $35 million. From what I'm hearing it's been a rocky morning at the social network, which was bought by Newscorp in 2005 for $580 million.

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