The website MySpace is about to be sold to VEVO, an Internet company that specializes in music videos. VEVO is owned by a group of several companies including Sony Music Entertainment, Universal Music Group and Abu Dhabi Media Co.
MySpace will be sold soon…
The accumulated losses of MySpace reach more than 156 million U.S. $ and the company was acquired by Rupert Murdoch in 2005 in the amount of 580 million $ U.S. To be continued … /
Photo 1: Logo MYSPACE