$$$$$ 580 Millionnnnnnnnn
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News Corp, the company run by media mogul Rupert Murdoch, has made one of its first major internet purchases.
It has bought Intermix Media, owner of Myspace.com, the fifth most-viewed internet domain in the US and owner of other sites for $580m (£332.85m).
Mr Murdoch says the networking site will drive traffic to his Fox TV sites.
It has bought Intermix Media, owner of Myspace.com, the fifth most-viewed internet domain in the US and owner of other sites for $580m (£332.85m).
Mr Murdoch says the networking site will drive traffic to his Fox TV sites.
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