As I wrote yesterday, News Corp was on the verge of selling the incredibly shrinking social networking site Myspace for anywhere between $20 million and $35 million, with two bidders vying for the deal.
Well, we have a winner, and it’s Golden Gate Capital.
Meanwhile, the other bidding finalist, Specific Media, has purchased Myspace for $35 million, proving that Rupert Murdoch still knows how to drive a hard bargain! — via redwolf.newsvine.com
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