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The second wave

him lay out £315m for Intermix, parent of social networking site MySpace. In a bid to compete with ...

News Corp takeover of MySpace could be hit by lawsuit

NEW YORK - Rupert Murdoch's plans for world domination of the internet have hit a snag, with news that shareholders in MySpace.com owner Intermix Media have launched a lawsuit to try to stop its $580m (£321m) takeover by News Corporation.

 

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