Today's Hard|Forum Post
Today's Hard|Forum Post

Wednesday June 29, 2011

MySpace Sold For $35M Mostly In Stock

MySpace was sold today for only $35 million. Adding insult to injury, the sale price is mostly stocks and Burger King coupons.

News Corp. has sold struggling social networking site MySpace for $35 million, mostly in stock, according to a person familiar with the matter. The deal values MySpace at a fraction of what News Corp. paid for the site six years ago.