The death of MySpace seemed near as News Corp. was rumored to either offload the platform or shut it down completely before this Thursday---its fiscal year end---to get the money losing property off its books. Thankfully, today a deal was reached to sell the property to Specific Media for $35 million, a disappointing number compared to the $100 million target and the original $600 million purchase price back in 2005. But, nonetheless, there is new hope today for MySpace, as it transitions to new hands and adds a celebrity stakeholder.
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