Business Services Industry
News to launch MySpace in Japan.
Australasian Business Intelligence, November, 2006
Byline: Peter Alford
Nov 07, 2006 (The Australian - ABIX via COMTEX) -- The mass media group, News Corporation, has a new venture in Japan. It has been largely absent from that market in past years, but this has changed. News has unveiled a Japanese-language version of the social networking web site, MySpace. News has formed a 50-50 joint venture with the Japanese group, Softbank Corporation, to launch the new site. In 2005, News paid $US580 million to buy MySpace, which has 125 million members across the globe. MySpace has other localised sites across the globe, including in the US, the UK, Australia and Ireland.
Publication Date: 8 November 2006
NEWS CORPORATION - ASX NWS
MYSPACE
SOFTBANK CORPORATION
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