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. Hit the jump to read the rest of the story.
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, as job cuts went deeper than expected. The most significant departure? CEO Mike Jones will be leaving the company and is currently on a two month transition plan.
Myspace has steadily lost influence and value as Facebook’s “one graph to rule them all†campaign grew to dominate the space. On a more hopeful note, I’m also hearing that several of the laid off employees have already received calls from recruiters representing a mix of Silicon Valley and Southern California companies.
