Singer and actor Justin Timberlake is to take a “major role” in the new Myspace after he emerged as an investor in the $35 million deal for the ailing social network. The major partner in the deal is online advertising company Specific Media.

Timberlake will “lead the business strategy” for the broken social network, the Specific Media chief executive Tim Vangerhook, said.

News Corp will retain a minority stake in Myspace after putting the struggling social network up for sale earlier this year.

Other posts by :

1. US spectrum shuffle could earn SES billions
2. FAA plans to tax rocket launches
3. Could someone buy AST SpaceMobile?
4. FCC: D2C is set for ubiquitous connectivity
5. SpaceX continues complaints over Amazon Leo
6. Starlink struggling for approval on South Africa, India
7. Impressive Starlink deployment rate
8. Bank: Space industry worth $1tn by 2040
9. Xona Space wants 259 LEO satellites

Categories: Articles, Business, M&A