MySpace For Sale!

The latest news surrounding MySpace, following previous report of it 47% reduced work forced, are that News Corp. have put the company in the market. 

News Corp., who acquired MySpace for a large sum of $580m (£330m+) back in 2005, is looking for buyer to take the failing social media platforms of their hands. In 2005, MySpace was recognised as the fifth most viewed domain in the US alone.

“News Corp. is assessing a number of possibilities including a sale, a merger and a spinout [sic]. The process has just started" A quote from a MySpace representative support the latest MySpace news.

MySpace could be defined as experiencing a rough patch following the rise of various other social media network platforms such as; Facebook, LinkedIn, Twitter and others.