MySpace Acquisition Settled, Justin Timberlake Revealed To Be An Investor
Jun 30, 2011 18:18
Ruper Murdoch's News Corporation had recently agreed to sell Myspace to Specific Media for $35 million, a fraction of the $100m it was initially seeking earlier this year.
Hours after news of the sale went public, Timberlake announced his minority stake in the company. Based on a statement provided to The Hollywood Reporter, "The Social Network" star is set to help Specific Media develop the company's future strategy and creative direction:
"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," said Timberlake in a statement.
"Art is inspired by people and vice versa, so there's a natural social component to entertainment. I'm excited to help revitalize Myspace by using its social media platform to bring artists and fans together in one community."
In an interview with AdAge, Specific Media chief executive Tim Vangerhook revealed how Timberlake had put his own money into buying Myspace, but refused to disclose how much. He confirmed that the former N Sync singer will have an office in Myspace but that he was "probably not going to be there every day".
Historians and anthropologists split the years of human existence down into different ages. The Stone Age, Bronze Age, and Iron Age are three examples of this. If we are deciding what to call the age in which we live today, then it is probably fair to call it the Digital Age. Our time is defined, more than anything, by the way that information is more easily shared than ever before. Read more
Learning to drive and getting their license are very exciting times for a teenager. This is one of those important milestones that brings them even closer to adulthood. While you should encourage your teen to learn and be proud of them when they pass their test, it’s extremely important to make sure they’re being safe on the road. Here are some tips to encourage your teen to be a safer driver. Read more