June 30, 2011

MySpace Sold To Timberlake's Group For $35 Million

Myspace
When I say Justin Timberlake's group, no, I don't mean *NSYNC. I'm talking about a business group that JT is a part of that just bought MySpace from News Corp. for $35 million. [Insert mediocre "Timberlake being in 'The Social Network'" joke here], so move over Sexy, it's now time for Justin to bring MySpace back (yeah!).

If you think $35 million sounds like a lot to pay for the abandoned crackhouse that is MySpace, remember News Corp. initially purchased it for $580 million in 2005.

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