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MySpace Acquired By Specific Media

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Los Angeles-based MySpace , the once dominant social networking website, has been sold to Irvine-based Specific Media , the online advertising network, in a deal reportly worth $35M. According to Specific Media, News Corporation will take a minority equity stake in Specific Media as part of the deal. READ MORE>>.

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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. READ MORE>>.

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Myspace Hails Launch Response

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Los Angeles-based Myspace has a new design, new owner, and is hoping for some new users with its brand new, music-focused, user interface--and says that so far, the response is good. Myspace also said that 34 percent of the traffic to its new site is coming from mobile users. music networking social launch myspace'

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Myspace Racks Up Registrations

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Beverly Hills-based > Myspace is claiming growth in its users, saying that it has added over 1 million new signups to the service, after it launched a new Myspace Music Player. Myspace says it is now adding around 40,000 new registrations a day, driven by its music player. The new music player was launched in December.

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Justin Timberlake Backs Myspace Acquisition

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Irvine-based Specific Media , the Internet advertising network run by Tim Vanderhook, has released further details on the company's acquisition of Myspace , saying that Justin Timberlake is taking an ownership stake and major role in the acquisition. 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. Here are four startups of them, and what they're doing: Demand Media. www.cocodot.com).

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Myspace In Sponsorship Deal With Chevrolet

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Los Angeles-based Myspace has a new design, and a new brand sponsor, the first since its redesign and relaunch over the last few months. MySpace said that Chevrolet is sponsoring its Myspace Secret Shows at the South by Southwest music festival in Austin, which will bring 10 musical performance over three nights to SXSW.