MySpace will be sold soon…

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.

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

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