The year before, Rupert Murdoch had offloaded Myspace for $35m 6pc of what News Corp (Other OTC: NWSAL - news ) had paid for it and Friends Reunited, another social network that had been obliterated by Facebook (NasdaqGS: FB - news ) , had been valued at £5m seven years after ITV (LSE: ITV.L - news ) paid £120m for it.
founded_by: News Corp, Rupert Murdoch; director_/_manager: News Corp, Rupert Murdoch