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Tag: socialmedia

Myspace sold by Newscorp for $527M loss

Posted on 29 June 2011

Myspace sold by Newscorp for $527M loss Kara Swisher of All Things D reported today that Newscorp sold Myspace to Specific Media for $35M. Based on my back of the envelope NPV calculation that represents a loss for Newscorp of at least $527M. My assumptions: Newscorp acquired My Space for $580M in 2005  P&L to Newscorp…

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