Bids to buy Myspace from News Corp. are due Friday. The parent company will likely be selling the site for hundreds of millions of dollars less than it originally paid. MySpace, the one-time social network powerhouse, was eclipsed in recent years by Facebook.
Source: http://www.npr.org/2011/04/29/135829347/news-corp-looks-for-myspace-buyer?ft=1&f=1049
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