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The W - Internet & Computers - MySpace Sold to Specific Media for $35 Million
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Leroy
Boudin blanc








Since: 7.2.02

Since last post: 17 hours
Last activity: 9 hours
#1 Posted on | Instant Rating: 5.10

Apparently, the deal hasn't closed just yet, but should be finalized today.

Specific Media to Buy Myspace (online.wsj.com)

For those keeping track, that's about $545 million LESS than the amount News Corp paid for MySpace (and its parent company) back in 2005. Ouch.
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CRZ
Big Brother
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Since: 9.12.01
From: ミネアポリス

Since last post: 7 hours
Last activity: 2 hours
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#2 Posted on | Instant Rating: 9.39
Sorely disappointed that "Tom" couldn't beat that low, low price. Dude must have had, like, a BILLION friends.



Leroy
Boudin blanc








Since: 7.2.02

Since last post: 17 hours
Last activity: 9 hours
#3 Posted on | Instant Rating: 5.10

And to pile on, just a mere four years ago there were folks valuating MySpace at somewhere around $5 billion. $5 BILLION to $35 million in four years (probably means that $5 billion was a little off)...

A $65 Billion Valuation for MySpace? (blogs.wsj.com)

Don't let the title fool you, although wouldn't $65 billion be something...
Mr. Boffo
Scrapple








Since: 24.3.02
From: Oshkosh, WI

Since last post: 485 days
Last activity: 446 days
#4 Posted on | Instant Rating: 7.35
Before this news came out, MySpace was on a list created by 24/7 Wall Street of brands that they think will cease to exist before 2013. Others include Sony Pictures, A&W Restaurants, automaker Saab, American Apparel, Sears, cereal brand Kellogg's Corn Pops, magazine Soap Opera Digest, and cell phone makers Sony Ericsson and Nokia.

In the section on myspace, it said


    The brand is worth little if anything. A buyer is likely to kill the name and fold the subscriber base into another brand. News Corp has hinted it will close MySpace if it does not find a buyer.

hansen9j
Andouille








Since: 7.11.02
From: Riderville, SK

Since last post: 2 days
Last activity: 14 hours
#5 Posted on | Instant Rating: 8.59
    Originally posted by Mr. Boffo
    A&W Restaurants
This still seems to be a strong brand name in Canada, with significant and regular ad campaigns.

Also, Mozza burgers are awesome.

    Corn Pops
Also, Corn Pops are awesome.



Hooch is crazy.

Go Pack Go! (Champs!)
Let's Go Riders!
KJames199
Scrapple
Moderator








Since: 10.12.01
From: #yqr

Since last post: 7 days
Last activity: 28 min.
#6 Posted on | Instant Rating: 6.53
    Originally posted by hansen9j
    Mozza burgers are awesome.
Teen Burgers are awesomer.
    Originally posted by hansen9j
    Corn Pops are awesome.
American Corn Pops, specifically. I buy a few boxes every time I'm in Minot.
hansen9j
Andouille








Since: 7.11.02
From: Riderville, SK

Since last post: 2 days
Last activity: 14 hours
#7 Posted on | Instant Rating: 8.59
    Originally posted by KJames199
    American Corn Pops, specifically. I buy a few boxes every time I'm in Minot.
Wait, what? Are you telling me that America improved upon perfection?
[/threadhijack]



Hooch is crazy.

Go Pack Go! (Champs!)
Let's Go Riders!
Big G
Potato korv








Since: 21.8.03
From: the people who brought you Steel Magnolias....

Since last post: 10 days
Last activity: 1 hour
#8 Posted on
    Originally posted by Mr. Boffo
    Nokia.



Didn't expect this name to be there. Maybe this was before they announced the using of Windows Mobile 7(8) for future smartphones (or because of it :P).

But yeah, mySpace, basically irrelevant these days.

Just leaving a small footnote to compare what Facebook is worth today as compared to when this thread rolls around on The-7.

(edited by Big G on 29.6.11 1948)
KJames199
Scrapple
Moderator








Since: 10.12.01
From: #yqr

Since last post: 7 days
Last activity: 28 min.
#9 Posted on | Instant Rating: 6.53
    Originally posted by hansen9j
      Originally posted by KJames199
      American Corn Pops, specifically. I buy a few boxes every time I'm in Minot.
    Wait, what? Are you telling me that America improved upon perfection?
    [/threadhijack]
American Corn Pops aren't perfectly round, and they're a lot softer. (Canadian) Corn Pops were like that when I was little, but they changed the formula eons ago.

    Originally posted by Wikipedia
    Canadian Corn Pops look very different; they are spherical and have a porous surface, similar to Kix cereal. The taste and texture of the Canadian and American versions of the cereal differ considerably despite sharing the same name and manufacturer. Kellogg's says this is due to raw ingredients and the regulatory agencies that exist in a particular country, and that its cereal differs by country also by virtue of marketing and culture. Research is done in different countries to determine preferences, and the formula for the cereal is changed accordingly, affecting the texture, color, and nutrition. The fat, cholesterol, and protein content is the same.
Zeruel
Thirty Millionth Hit
Moderator








Since: 2.1.02
From: The Silver Spring in the Land of Mary.

Since last post: 6 days
Last activity: 20 hours
#10 Posted on | Instant Rating: 7.62
Click Here (news.yahoo.com)

Justin Timberlake is part of the group that bought MySpace and is working to bring some "cool" back to it.


    Pop star Justin Timberlake is part of a group that said Wednesday it will buy MySpace from News Corp., a bid to add some cool to a social network that has been losing it for some time.
    Timberlake will become a part owner and play "a major role in developing the creative direction and strategy for the company moving forward," according to Specific Media, the company that he will partner with.

    ...

    "There's a need for a place where fans can go to interact with their favorite entertainers, listen to music, watch videos, share and discover cool stuff and just connect. MySpace has the potential to be that place," Timberlake said in a statement.



(edited by Zeruel on 30.6.11 0304)


-- 2006 Time magazine Person of the Year --
Fuelly
-- July 2009 Ordained Reverend --
Cerebus
Scrapple








Since: 17.11.02

Since last post: 2 days
Last activity: 3 hours
#11 Posted on | Instant Rating: 2.64
    Originally posted by Justin Timberlake
    There's a need for a place where fans can go to interact with their favorite entertainers, listen to music, watch videos, share and discover cool stuff and just connect. MySpace has the potential to be that place.


Wait, isn't 'that place' already called Facebook?



Forget it Josh... it's Cerebustown.
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