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Murdoch Admits Huge Mistake In MySpace Acquisition [Headlines]

The chief executive of News Corp.'s states that the acquisition of the social networking pioneer was poorly handled.

by Liz Walsh
  • 26 october 2011

Rupert Murdoch admitted that the company’s purchase of MySpace in 2005 was a huge mistake, as it should have been quickly sold, and instead was mismanaged and left behind by the success of Facebook. AFP.

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