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Report: MySpace Raising $50M For Music Domination

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A report this morning from Business Insider says that Irvine-based Specific Media , the parent company of MySpace , is seeking to raised $50M to turn MySpace into a "Spotify killer". Specific Media is now known as Interactive Media Holdings. Specific Media is now known as Interactive Media Holdings. READ MORE>>.

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MySpace Startups: Startups From MySpace Vets

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Los Angeles-based MySpace has been among the most visible of Southern California's Internet era success stories, although the site--now owned by News Corporation--has had its own share of ups-and-downs, as well as questions about its future. MySpace Connection : Richard Rosenblatt , former Chairman of MySpace. www.cocodot.com).

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Reports: MySpace To Go For $20-30M

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Multiple reports today say that once lofty social networking site MySpace is now being set to be sold by News Corp. Irvine-based Internet advertising network Specific Media and Golden Gate Capital are among the rumored bidders for MySpace. MySpace is reportedly planning big employee cuts at the company today.

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MySpace, Ad.ly Link On In-Stream Advertising

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Los Angeles-based MySpace and startup Ad.ly , also based in LA, said today that they have linked in an in-stream advertising deal. According to MySpace, it will use Ad.ly to enable content creators to reach fans in the MySpace stream. The link with MySpace pulls Ad.ly Tags: myspace adly ad.ly READ MORE>>.

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MySpace Faces Challenge From KPCB's sFund

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Tags: capital venture comcast zynga amazon networking social sfund kpcb facebook myspace.

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AuctionPoint Gets Investment From MySpace Co-Founder

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Marina del Rey-based AuctionPoint , which operates an online auction service for commercial real estate, said today that it has received a strategic investment from Tom Anderson, co-founder of MySpace. The company said the new funding will go towards accelerating the firm's nationwide expansion. READ MORE>>.

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Jam City Abandons SPAC Effort

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Los Angeles-based mobile game developer Jam City and special purpose acquisition company (SPAC) DPCM Capital said late Friday that the two comapnies are terminating their efforts, where DPCM Capital would acquire Jam City in a SPAC deal. The two companies cited "current market conditions" for calling off the deal.