News Corp to buy Internet group Intermix
An AFP newswire article, via Yahoo! News, reports that:
Media-entertainment giant News Corporation said it reached a deal to buy Intermix Media for 580 million dollars in cash, gaining a foothold in the arena of Internet news blogs and social networking.
The acquisition gives the media giant headed by Australian-born mogul Rupert Murdoch the wesbite MySpace.com, described as a leading "lifestyle portal."
posted by Fergie @ 7/18/2005 09:58:00 AM
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