M&A Deal Summary

News Corp Acquires Myspace

On July 19, 2005, News Corp acquired internet software and services company Myspace for 580M USD

Acquisition Highlights
  • This is News Corp’s 1st transaction in the Internet Software and Services sector.
  • This is News Corp’s 6th largest (disclosed) transaction.
  • This is News Corp’s 1st transaction in the United States.
  • This is News Corp’s 1st transaction in California.
Investment Fate
  • Myspace was divested to a consortium of strategic buyers in 2011 for 35M USD.

M&A Deal Summary

Date 2005-07-19
Target Myspace
Sector Internet Software and Services
Buyer(s) News Corp
Deal Type Add-on Acquisition
Deal Value 580M USD

Target

Myspace

Los Angeles, California, United States
Myspace is a social networking service with a focus on music. Myspace was formed in 2003 and is based in Beverly Hills, California.

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Buyer(S) 1

Buyer

News Corp

New York, New York, United States

Category Company
Founded 2012
Sector Media
Employees23,900
Revenue 10.1B USD (2024)
DESCRIPTION

News Corp is a diversified international media and entertainment company with operations in eight industry segments: filmed entertainment; television; cable network programming; direct broadcast satellite television; magazines and inserts; newspapers; book publishing; and other. The activities of News Corporation are conducted principally in the United States, Continental Europe, the United Kingdom, Australia, Asia and the Pacific Basin. News Corp was formed in 2012 and is based in New York, New York.


DEAL STATS #
Overall 2 of 24
Sector: Internet Software and Services M&A 1 of 7
Type: Add-on Acquisition M&A Deals 2 of 16
State: California M&A 1 of 6
Country: United States M&A 1 of 13
Year: 2005 M&A 1 of 2
Size (of disclosed) 6 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-11-22 Kesmai

Charlottesville, Virginia, United States

Kesmai Corp. is a developer and publisher of multiplayer online entertainment. Kesmai specializes in the design and development of multiplayer games delivered directly to consumers over the Internet and is a major provider of game content to the Games Channel on the America Online service.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-08 IGN Entertainment

San Francisco, California, United States

IGN Entertainment is an Internet media and services company focused on the video game and entertainment enthusiast markets, attracting more than 28 million unique monthly users. The company's network of videogame-related properties (IGN.com, GameSpy, FilePlanet, TeamXbox, Direct2Drive and others), is the web's number one video game information destination and attracts one of the largest concentrated audiences of young males on the Internet.

Buy $650M