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mergers and acquisitions
News Corp Dumps MySpace For $35 Million

News Corp Dumps MySpace For $35 Million

By Phil Villarreal June 30, 2011

When you buy something for $580 million, the goal is not to part with it for $35 million a few years later. Yet that’s exactly what News Corp has done, ending its 6-year ownership of the sputtering social networking site by selling it for scrap. [More]

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