Business
Myspace acquired by Time Inc.
Ageing social media network Myspace has been acquired by Time Inc. which seeks to revamp the platform to distribute news stories.
Time Inc. may also attempt to bring content to users through email delivery by accessing the mail database of past and present Myspace users and also distribute content CEO Tim Vanderhook told Business Insider in an interview.
The once viable platform, Myspace has travelled a rocky road since the social network was purchased by News Corp.
As Facebook grew, cornering users of Myspace in droves coupled with missteps taken by Rupert Murdoch-owned company, which bought over Myspace from News Corp., the social media platform alienated its users over the years.
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