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Myspace has changed hands again.
The once go-to social media site is now in the hands of TIME Inc. TIME actually gets hold of Myspace after acquiring the early social network’s parent company, Viant.
MySpace was one of the first social-media sites founded in 2003 by Chris DeWolfe and Tom Anderson. It was sold to Rupert Murdoch’s News Corporation in 2005 for $580 million.
Later in 2011, Viant purchased it from Murdoch for $35 million.