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Myspace signage is displayed on a computer monitor for a photograph in New York, U.S., on Wednesday, June 29, 2011. News Corp. agreed to sell Myspace to Specific Media Inc. for a fraction of what it paid six years ago, ending its efforts to turn around the money-losing social networking business. Photographer: Jin Lee/Bloomberg via Getty Images

Myspace signage is displayed on a computer monitor for a photograph in New York, U.S., on Wednesday, June 29, 2011. News Corp. agreed to sell Myspace to Specific Media Inc. for a fraction of what it paid six years ago, ending its efforts to turn around the money-losing social networking business. Photographer: Jin Lee/Bloomberg via Getty Images