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Fox to Purchase Myspace

Posted by ryuzaki0 on from the murdoch-immediately-propositioned-for-cyber dept.

jagger writes "News Corp announced on Monday that it has bought Intermix Media, owner of the popular MySpace.com social networking site, for $580 million. This follows an announcement by News Corp on Friday that it is creating an Internet division to hold the company's sports, news and entertainment sites." Update: 07/19 2:40EDT by C :Sorry about the copy errors, folks. They have been fixed.

2 of 317 comments (clear)

  1. That garbage worth 580 million dollars? by bigbinc · · Score: 1, Troll

    Are you telling me that PHP garbage is worth half a billion dollars? What industry am in? Where am I?

    This is beyond the internet bubble of the 90s. Beyond the ancient California gold rush. This is like your 14 year old coming up with a highschool project, you coming in back and going, "Wow, honey this science experiment has to be worth several billion dollars, let's market it and sell it to google."

    No wonder America is a trillion dollars in debt.

    --
    ---- Berlin Brown http://www.newspiritcompany.
    1. Re:That garbage worth 580 million dollars? by bigbinc · · Score: 0, Troll

      Fine, I just naturally assumed it was PHP.

      --
      ---- Berlin Brown http://www.newspiritcompany.