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#4 (permalink) |
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New Tremekian
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The creator of the site is leaving
![]() http://www.siliconbeat.com/entries/2...0_million.html Web 2.0 peak? MySpace sells for $580 million Updated MySpace, of Los Angeles, has long been considered the hottest of the new generation of social networking companies. The New York Times reports: The News Corporation, making one of its largest bets on the Internet, announced today that it is paying $580 million in cash to acquire Intermix Media Inc., a Los Angeles-based company whose chief asset is MySpace.com, a Web site that is enjoying surging popularity with young audiences. Could this represent the peak of the current Web 2.0 wave? Update: Well, the answer to our question seems to be a resounding "no," judging from comments. There are a few saying things look pretty heated, but as Jeremey Zawodny suggests in comment below, this may not be a problem with Web 2.0 per se. Also, here are the winning Silicon Valley investors in the deal, as outlined by VentureWire (sub required): Both VantagePoint and Redpoint invested about the same in Intermix, but VantagePoint came in about a year before Redpoint so its stake is worth far more. VantagePoint invested about $10 million in the fall of 2003 and owned 22.4% of the company, meaning the firm will receive about $130 million in the deal with News Corp. Redpoint purchased Intermix's shares for about $10.5 million with investments in December and February, giving it a stake of less than 5%, according to partner Geoff Yang. That would give Redpoint less than $29 million. Redpoint also has a 25% stake in fast-growing MySpace after a $4 million investment placed only about seven months ago. Intermix owns 53% of MySpace but as part of the News Corp. deal agreed to acquire the remaining 47% for $69 million, said David Krawitz, a PR rep for Intermix. So Redpoint will get a little more than $17 million while founders, management and employees - which own the other 22% in MySpace - will take in nearly $52 million (see correction below) CORRECTION: VentureWire has since corrected its math: Redpoint will likely get somewhere around $36 million on the sale of its 25% stake in MySpace, while founders, management and employees - which own the other 22% in MySpace - will take nearly $32 million. __________________ |
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#7 (permalink) |
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M-A-R-S Mars *****es
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heres myspace editor http://www.myspaceeditor.org/
http://www.picgames.com/forum/myspace-layout-editor.php
__________________
![]() the worst thing you could do is panic use it to your advantage avoid insanity manage to conquer every obstacle make impossible possible even when winnings illogical ![]() ![]() |
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#9 (permalink) |
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Dedicated Tremekian
Join Date: Oct 2005
Location: A proof is a proof. What kind of a proof? It's a proof. A proof is a proof. And when you have a good proof, it's because it's proven.
Posts: 2,705
Infractions: 0/1 (100)
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durka durka?
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__________________
Get these motha Fu.ckin Snakes off my motha fu.ckin Plane!!!!! |
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#15 (permalink) |
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Fanatic Tremekian
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It is kinda fun I suppose to be on there.I was but I stopped because it just seemed so dumb.All these people asking you to accept them just so they could count you as a "friend".Blah.Besides that most people have a cellphone,personal organizer,e-mail,home phone,chatroom,work contacts etc. to meet "friends". what does it really do for ya anyway?(I do like to get on there and perv on the ladies:thumpup: )
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