SHARE

News Corp Sells MySpace To Specific Media

Six years after buying the social networking site for US$580m, Rupert Murdoch’s News Corporation has sold MySpace. Online advertising firm Specific Media has purchased the site, with pop star and actor Justin Timberlake also taking a stake in the business. Sales terms have not been disclosed, but it is known that Specific Media paid a fraction of the price paid by News Corp in 2005.

Certification Note

Certified B Corporation” is a trademark licensed by B Lab, a private non-profit organization, to companies like ours that have successfully completed the B Impact Assessment (“BIA”) and therefore meet the requirements set by B Lab for social and environmental performance, accountability, and transparency. It is specified that B Lab is not a conformity assessment body as defined by Regulation (EU) No 765/2008, nor is it a national, European, or international standardization body as per Regulation (EU) No 1025/2012. The criteria of the BIA are distinct and independent from the harmonized standards resulting from ISO norms or other standardization bodies, and they are not ratified by national or European public institutions.