Who bought Myspace for 580 million?

Anderson sold Myspace to News Corp in 2005 for $580 million. Six years later, Myspace sold again for a hugely depreciated $35 million, prompting Rupert Murdoch to refer to the initial purchase as “A huge mistake.” In retrospect, it’s clear that Anderson cashed out at the perfect time.

How much did Tom get for selling Myspace?

When Intermix Media and Myspace were sold to News Corp, Anderson became president of the company. Myspace was sold to News Corp in 2005 for $580 million.

How much did Myspace sell for in 2005?

Rupert Murdoch’s News Corporation bought Myspace in 2005 for $580m.

How much is the owner of Myspace worth?

Tom Anderson is an American entrepreneur and co-founder of the social networking website, ‘MySpace. ‘ MySpace has gained popularity with everyone and registered more than 100 million accounts. What is this? As of 2022, Tom Anderson’s net worth is estimated to be roughly $60 million.

Does Tom still own Myspace?

Tom sold Myspace for a whopping $580 million. Not all of that money went to him, but he still helped broker the massive deal. The man who popularized social media and effectively started Facebook before Facebook is now enjoying a fantasy retirement. He’s taken up surfing, investing, and photography.

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What killed Myspace?

bought MySpace in July 2005, it was worth $580 million, at least to Rupert Murdoch. … When it sold the site last June, to an advertising network owner called Specific Media, it was for a mere $35 million.

Is Tom from Myspace rich?

What is Tom Anderson’s net worth? Tom Anderson is an American entrepreneur who has a net worth of $60 million. Tom Anderson earned his net worth as the co-founder of the social networking website Myspace and through successful real estate investments.

Does Justin Timberlake own Myspace?

In June 2009, Myspace employed approximately 1,600 employees. In June 2011, Specific Media Group and Justin Timberlake jointly purchased the company for approximately $35 million.

Who did Tom sell Myspace?

Anderson sold Myspace to News Corp in 2005 for $580 million.

When did Murdoch buy Myspace?

Rupert Murdoch’s News Corporation bought Myspace in 2005 for $580m. In 2006 Google signed a $900m deal to sell ads on Myspace; by 2007 it had 300m registered users and was being valued at $12bn. But the social network was subsequently crushed by Facebook, which launched a year after Myspace.

What does Tom Anderson do now?

Tom is now a travel photographer

“Former 1st friend, enjoying being retired.

Who purchased Myspace?

Myspace failed because of rising competition, a poor and inconsistent product, heavy spending, as well as ongoing legal battles. Launched in January 2004, the site became the world’s leading social media platform. It was acquired for $580 million by News Corp in 2005 but eventually flamed out.

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Did Facebook buy out Myspace?

In 2008, Facebook overtook Myspace in popularity; News Corp sold Myspace in 2011 to Specific Media Group and Justin Timberlake for $35 million.

Is Myspace coming back?

Myspace is still active as of today, but not anymore a go-to platform for social media users. It was once the king of social media networks especially from 2005 to 2008, where it serves over 100 million users on a monthly basis. Now, an 18-year-old teen recreated it with its carbon-copy app,Spacehey.

Does Myspace still make money?

Officially, however, Myspace is far from dead. If you go to myspace.com, you’ll see that it is very much still alive, though it has mostly transitioned away from social networking to become a curated music and entertainment site. As of 2019, the site boasted over 7 million monthly visits.

Who still uses Myspace?

MySpace currently has an active user base of roughly 50.6 million[1] (as of January 23rd, 2015). At its peak in December, 2008 MySpace was home to 75.9 million active users[2].