MySpace hits Japan

Reuters reports that News Corp. has partnered up with Softbank Corp. in a joint venture called MySpace Japan. An official announcement is due this week, or perhaps the next.

In the same report we also learn what an impact MySpace can have on other businesses. Mixi Inc. is running a social networking site, and they found their shares fall with 10% after the news broke. Interestingly enough, Softbanks’€™ shares fell with 1.84% as well, perhaps a sign that News Corp. is thought to be the winner of the deal.

I wonder what happened in Russia when the LiveJournal deal was announced?

Via PaidContent.

Thord Daniel Hedengren

Thord Daniel Hedengren is a designer, writer, and blogger, and also the former editor of The Blog Herald. He used to be a hotshot in the gaming industry in Sweden, but sold everything and went International. Most recently he wrote a book called Smashing WordPress: Beyond the Blog, and does loads of kickass design.