Yesterday, News Corp. announced that it will be purchasing Intermix Media for $580 million in cash. News Corp. will also be getting MySpace.com, because Intermix is buying the portion of it that it doesn't already possess. "Intermix is an important acquisition for News Corp., instantly doubling the number of visitors to our sites and providing an ideal foundation on which to meaningfully increase our internet presence," said News Corp. Chairman and CEO, Rupert Murdoch.
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