Fraud space?One of the founders of Myspace The most popular social networking site on the Web, especially for teenagers and people under 30. Founded in 2003 by Tom Anderson and Chris DeWolfe, MySpace was acquired by Rupert Murdoch's News Corporation via its $500 million purchase of parent company Intermix in 2005. .com asked for a federal investigation into the sale of the Web site to News Corp., claiming he has proof that the deal defrauded shareholders of more than $20 billion. Brad Greenspan Brad Greenspan is an internet entrepreneur who has been involved in the founding and proliferation of web properties including MySpace. Greenspan founded eUniverse Inc. (later renamed Intermix Media) in 1998, which went public in 1999.[1] The company survived the . issued a statement along with a report at FreeMyspace.com claiming he has internal documents and e-mails that indicate the company that owned MySpace, Intermix in·ter·mix tr. & intr.v. in·ter·mixed, in·ter·mix·ing, in·ter·mix·es To mix or become mixed together. [Back-formation from obsolete intermixt, from Latin Media Inc. and executives at that company agreed to sell the popular site to News Corp. quickly to pay off debts and make a profit. Greenspan, who was the largest individual shareholder of MySpace, said the deal to sell the Web site last year for $550 million intentionally in·ten·tion·al adj. 1. Done deliberately; intended: an intentional slight. See Synonyms at voluntary. 2. Having to do with intention. defrauded shareholders and requested an immediate investigation by the U.S. Securities and Exchange Commission, Justice Department and U.S. Senate, claiming the deal was, "one of the largest merger and acquisition scandals in U.S. history." |
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