Myspace CEO Mike Jones just sent out this mass internal email and press release confirming the company’s sale to Specific Media earlier this morning. Kara Swisher is reporting that the sale was for $35 million.
From what I’m hearing it’s been a rocky morning at the social network, which was bought by Newscorp in 2005 for $580 million. → Read More
With the recent rumor that Google’s YouTube unit was looking at acquiring video content company Next New Networks, it’s clear that anything can happen in the rapidly growing online video space. While some are shocked to see that Google may cross over and own content, the rumor does sound plausible. Loaded with nearly $25M in venture financing, it’s not quite the initial public offering… → Read More
The frenzy around online ad networks never stops (maybe because there are so many of them). This morning, Specific Media, announced a whopping $100 million investment by private equity firm Francisco Partners. This follows a $10 million venture round last June led by Enterprise Partners. Specific Media is the fourth largest ad network in terms of audience reach, according to comScore (after… → Read More