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In an interesting twist of fate considering Justin Timberlake played a pivotal role in The Social Network (you know, the Facebook movie), news reports have surfaced that the “Sexy Back” singer and Grammy winner has purchased a considerable share in its rival, MySpace.

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On Wednesday, News Corp. sold the social networking site for an amount between $30 and $40 million, as noted by TMZ. Although JT hasn’t revealed how much he invested in the purchase, an official announement indicated he’ll “play a major role in developing the creative direction and strategy for [MySpace] moving forward.”

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Justin, too, released a statement: “There’s a need for a place where fans can go to interact with their favorite entertainers, listen to music, watch videos, share and discover cool stuff and just connect … MySpace has the potential to be that place.”

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