myspace_sold

MySpace Sold To Specific Media

According to the latest news coming out of the News Corporation headquarters it is being reported that Myspace is no more a  part of the company as the social networking website has now been sold to Specific Media Ad Network.

The company that was started independently even days before Facebook never was able to enjoy high level success as of its competitors and finally was in the hands of the media giant News Corp. and now as the reports confirmed that the company has been bagged by the ad agency for a $35 million deal.

The future of the company as we may not a get into the scene right now but it is being said that the company will now focus more on the music services side of it instead of its social networking which has already proved to become a disaster for the company. Even pop star Justin Timberlake seems to be interested in having the share of the company and hence may be a part of it in the near future, Predicts Mashable.

Inside The Story of Myspace Acquisition

The new plans of the company mainly has more of live video streaming, entertainment, videos as well as its music services on the list rather than social connectivity or networking as of before.