Fox buys MySpace.com for $580 mil

TrueBlue · July 25, 2005, 7:38am

http://news.yahoo.com/s/nm/20050718/wr_nm/media_newscorp_dc_2

The deal comes after News Corp., home to the Fox television network, Fox News and 20th Century Fox film studios, announced on Friday the creation of an Internet division to hold the company’s sports, news and entertainment sites.

News Corp. will pay $12 a share, a 12 percent premium over Intermix’s closing price on the American Stock Exchange on Friday. Accordingly, Intermix shares rose 9.6 percent to $11.75 in Monday trading.

Figured out to be about $300 per current member. I think they maybe overpaid? :smash2:

Daddie · July 25, 2005, 7:44am

Emos unite

zwarbyt · July 25, 2005, 7:50am

lets sell sports and news to emo’s & teenage girls

:bloated:

walter · July 25, 2005, 8:46am

did you notice the date on the article you posted?

:shrug:

TrueBlue · July 25, 2005, 8:57am

I figured someone hasn’t seen it yet. :gotme:

HotRodKid · July 25, 2005, 9:09am

what are they gonna do ? run ads on myspace for razor blades and black eye shadow ?

Twizted · July 25, 2005, 10:04am

:lol:

Nikuk · July 25, 2005, 10:30am

parachute pants, fish net like whoa, and god knows what else. oh, wait, I forgot, God hates them. :shoot:

HotRodKid · July 25, 2005, 10:37am

and cameras that are designed to take out of focus pictures from stupid angles

micah · July 25, 2005, 10:53am

well i bet that Tom guy is happy

73ghia · July 25, 2005, 2:33pm

That’s a LOT per member… I hope those banner ads are $1 per view and $2 per click.