MySpace Sold for £22million

The social networking website myspace was bought for £21million by Specific Media; this price is £41million less than its original price.  Justin Timberlake also bought a stake in the company, who recently starred in the movie The Social Network. A film about facebook.  The site was originally being sold for £61million but was only sold by News corp. for £22million, who were relieved to sell the site.  The site has been declining in popularity since 2008 due to competition from facebook and twitter. The site still remains popular with musicians and bands.

By Robert Leat
Site Founder 

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