MySpace Sold for Bargain Price

One of the leading social networking platforms, MySpace, was sold to Specific Media, a digital media company.
MySpace Sold for Bargain Price
MySpace Layoffs: MySpace is laying off almost 50 percent of its workforce. In this photo illustration the MySpace logo is reflected in the eye of a girl. Chris Jackson/Getty Images
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<a><img src="https://www.theepochtimes.com/assets/uploads/2015/09/myspace_79493996.jpg" alt="MySpace, was sold for $35 million in cash and stock to Specific Media, a digital media company. As a result of the buy out, around 400-500 MySpace staff will be laid off. (Chris Jackson/Getty Images)" title="MySpace, was sold for $35 million in cash and stock to Specific Media, a digital media company. As a result of the buy out, around 400-500 MySpace staff will be laid off. (Chris Jackson/Getty Images)" width="320" class="size-medium wp-image-1801661"/></a>
MySpace, was sold for $35 million in cash and stock to Specific Media, a digital media company. As a result of the buy out, around 400-500 MySpace staff will be laid off. (Chris Jackson/Getty Images)
Caroline Dobson
Caroline Dobson
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