NEWSJustin Timberlake's Bringing MySpace Back
July 1 2011, Published 1:44 p.m. ET
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."
