/// Myspace Acquired By Ad Network Specific Media (Alley Insider)

June 30, 2011  |  Blog

Myspace has been sold for $35 million, All Things D’s Kara Swisher is reporting.

The winning (depending on how you look at it) bidder is Specific Media, an ad network.

When News Corp. started the sale process it was hoping to get $100 million for the dying social network.

Update: CEO Mike Jones is going to be leaving Myspace as part of the sale, TechCrunch reports.

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