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Justin Timberlake Now Owns Part Of MySpace, Looking To Bring Sexy Back

Justin Timberlake Sexy Back at MySpace

Earlier today we reported the sale of MySpace to Specific Media for $35 million. This was not a surprise as News Corp has been looking for an exit strategy with MySpace for awhile now. What is somewhat interesting is the new ownership and the involvement of musician Justin Timberlake. We first caught news of this via a tweet from former MySpace CEO Mike Jones as he congratulated Justin Timberlake on the acquisition. Following that tweet Specific Media confirmed this news stating:

As part of the deal, Emmy and Grammy winning artist Justin Timberlake will also take an ownership stake and play a major role in developing the creative direction and strategy for the company moving forward. Specific Media and Timberlake plan to unveil their vision for the site in an exclusive press conference later this summer.

The irony here of course is that Justin Timberlake played Sean Parker in the film “The Social Network” which shares a fictional portrayal of the creation of Facebook which ultimiately surpassed MySpace as the largest social networking site. So it will be interesting to see how Justin Timberlake takes on the directing a nonfictional social network. Can he bring sexy back to the once dominate social networking giant?

Image attribution: Justin Timberlake SexyBack Part 1 [Single] Album Cover from IMG International

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About the Author

Frank Gruber is the founder, CEO and Executive Editor of Tech Cocktail. He is an entrepreneur and new media journalist focused on sharing his tech product expertise and analysis on emerging technologies. Previously he built products for millions of users while at AOL and Tribune Company. He is a startup advisor and investor. He is the author of the book, Startup Mixology, Tech Cocktail’s Guide to Building, Growing, and Celebrating Startup Success. Find Frank Gruber online and follow him on Twitter at @FrankGruber.

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