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News Corporation to Acquire Intermix for $580 Million - New York Times by bucy at 12:41 pm EDT, Jul 18, 2005
The News Corporation, making one of its largest bets on the Internet, announced today that it is paying $580 million in cash to acquire Intermix Media Inc., a Los Angeles-based company whose chief asset is MySpace.com, a Web site that is enjoying surging popularity with young audiences.
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