Specific Media buys Myspace for $35 million, cutting staff by 50%
Highly rated gadgets
- 8.5 Xiaomi Mi A2
- 8.0 BlackBerry Motion
- 10.0 FujiFilm X-T3
- 9.0 Panasonic LUMIX LX100 II
- 9.1 Apple iPhone XS Max
- 9.0 FujiFilm XF10
- 9.1 Apple iPhone XS
- 9.0 Sony WH-1000XM3
- 10.0 Nikon Z 7
According to AllThingsD Specific Media has acquired Myspace from News Corp. for $35 million. Reportedly, Myspace’s CEO, Mike Jones, will remain for “an interim period,” and the social network will lay off half of its staff, or about 200 people. Myspace, which has seen a sharp decline in traffic over the years since it was acquired by News Corp in 2005 for $580 million, announced in January that it was laying off 47% of its employees. News Corp. will maintain less than a 5% stake in the company. »read more
More at: www.bgr.com Add additional source