Myspace Sold to Specific Media for $35 Million
Beverly Hills-based Myspace was sold by News Corp. to Irvine-based Specific Media Inc. for $35 million with the help of Hogan Lovells and Gibson, Dunn & Crutcher LLP. The social networking website was purchased by News Corp. in 2005 for $580 million. The Gibson, Dunn & Crutcher team was led by Orange Country partner Terrence R. Allen and included Orange Cou...
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