Specific Media, a digital media company, has announced it has acquired Myspace, previously called MySpace but now stylized as My_____, from News Corporation. As part of the agreement, News Corporation will take a minority equity stake in Specific Media. Additional terms of the agreement were not disclosed. That being said, All Things Digital reports that the sale prices is $35 million and that News Corp.'s stake in Specific Media is less than five percent. Furthermore, the deal includes a halving of Myspace's staff of 400, as well as other cost cuts. Myspace CEO Mike Jones and other top staff will remain only for an interim period (about two months), to help with the transition. "Myspace is a recognized leader that has pioneered the social media space. The company has transformed the ways in which audiences discover, consume and engage with content online," Tim Vanderhook, Specific Media CEO, said in a statement. "There are many synergies between our companies as we are both … [Read more...] about Specific Media buys Myspace for $35 million from News Corp.
Kony joseph news
News Corp. is looking to sell the struggling social network Myspace, previously called MySpace but now stylized as My_____, for $100 million. That's less than 20 percent of what the company originally paid for the website. The sale is expected to draw bids from several investment firms and companies who may try to buy parts of Myspace or the whole company. The groups considering a deal for Myspace include Chinese Internet holding company Tencent, Myspace co-founder Chris DeWolfe, private equity firm Thomas H. Lee Partners, Redscout Ventures, and Criterion Capital Partners LLC, owner of social networking site Bebo, according to people familiar with the matter, cited by The Wall Street Journal . Last month, there was talk that Myspace would be sold to Vevo , the online music website partly owned by the world's biggest record companies. It now looks like Vevo is no longer as interested. Over the past few years, Myspace has been on a steady decline in terms of revenue, mindshare, … [Read more...] about News Corp. wants to sell Myspace for $100 million
It has been speculated that News Corp. wants to get rid of Myspace, previously called MySpace but now stylized as My_____, and now it looks like a sale is in order. News Corp. has reportedly hired investment bank Allen & Co. to evaluate offers for the social network. The parent company is seeking responses in the next several weeks and wants a deal before the fiscal year ends in June. Myspace could be sold to Vevo, the online music website partly owned by the world's biggest record companies, according to three people with knowledge of the situation cited by Bloomberg . Unsurprisingly, News Corp. and Vevo are declining to comment. That being said, nothing is final yet: the talks are preliminary and an agreement may not be reached. Under the scenario being discussed, News Corp. would exchange the Myspace social network for a stake in a new venture. Vevo is one of several parties looking at Myspace, though the other ones have not been disclosed. Vevo, which offers … [Read more...] about News Corp. wants to sell Myspace, possibly to Vevo
We may earn a commission for purchases using our links. Learn more . Obviously because we're awesome Hisense just made the best Android TV product announcement ever. Derrek Lee 5 May 2021 2 Source: Hisense What you need to know Hisense just launched several new TVs with the help of Community actor Joel McHale. The new 2021 lineup of Hisense TVs includes mostly Android TV sets and one 8K Roku set. This is probably the best TV launch you'll ever watch. Hisense just launched its 2021 Android TV lineup with several new models and with the help of "Community" actor Joel McHale. He even name-dropped Android Central in the process, which is no surprise since we gave the Hisense H9G Quantum such a glowing review as one of the best Android TVs on the market. McHale goes on to say that if you're watching the launch, "you're either a tech journalist, a well-informed consumer, or just a passionate fan of product line announcement videos." … [Read more...] about Watch Joel McHale namedrop Android Central while announcing new Hisense Android TVs
Pfizer and BioNTech applied to the Food and Drug Administration (FDA) for full approval of their COVID-19 vaccine. More than 134 million doses of Pfizer's vaccine have already been administered across the U.S. under an emergency use authorization (EUA), according to the Centers for Disease Control and Prevention (CDC) . Similarly, more than 109 million doses of Moderna's and 8.6 million doses of Johnson & Johnson's COVID-19 vaccines have been administered in the U.S. under an EUA. An emergency use authorization grants a company permission to use vaccines or other medical products during emergencies such as the COVID-19 pandemic, according to the FDA . To be granted an EUA, the companies still have to submit thorough and robust data, but an EUA for a COVID-19 vaccine requires two months of data, whereas a full approval requires six months of data, according to NBC News . No COVID-19 vaccine currently has full FDA approval. Related: Quick guide: COVID-19 … [Read more...] about Pfizer/BioNTech take first step toward full approval for COVID-19 vaccine