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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.

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MySpace Shows Off New, Sexy UI

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In what looks like a plan by Specific Media to revamp the relevance of former social networking giant MySpace as a choice for social networking, the firm is showing a new video of a revamped user interface for the site. READ MORE>>.

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MySpace, Panasonic Unveil Social TV Service

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Social entertainment site Myspace , which is now owned by Irvine-based Specific Media, is making a big push this week at CES, and launched a new, social TV service with Panasonic Monday. The service--which takes advantage of Myspace's library of music videos and songs--runs on Panasonic's VIERA Connect enabled HDTVs.

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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. for as little as $20M to $30M. READ MORE>>.

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MySpace Faces Challenge From KPCB's sFund

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John Doerr, Managing Director at Kleiner Perkins, said, at a press conference announcing the new sFund, that the world is in the "third wave of incredible, disruptive innovation," in the social space. Tags: capital venture comcast zynga amazon networking social sfund kpcb facebook 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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MySpace Names Corporate Communications VP

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Los Angeles-based MySpace , the online social networking site, said today that it has named Rosabel Tao as its Senior Vice President of Corporate Communications. Tao was most recently running her own consulting practice, serving clients such as Current Media, PopSugar Media, Spot Runner and REVShare. READ MORE>>.