Google Acquires MySpace in $500B Cash, Equity Deal
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The acquisition, first reported by the Wall Street Journal this morning, creates a clear frontrunner in the social space. It would also give Google a massive edge over competitors like Facebook.
According to research emerging this week, MySpace now has more unique users than any other social media service. Myspace's rapid ascent may have rekindled the on-again, off-again acquisition talks.
Formal signatures and filings will happen Monday.
“Now, we can finally sunset Google+.”
Customary closing details come later. Post-acquisition, Tom and JT will receive several billion dollars each.
This is a satirical website. Don't take it Seriously. It's a joke.