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Specific Media buys Myspace for $35 million, cutting staff by 50%

June 29th, 2011

According to AllThingsD Specific Media has acquired Myspace from News Corp. for $35 million. Reportedly, Myspace’s CEO, Mike Jones, will remain for “an interim period,” and the social network will lay off half of its staff, or about 200 people. Myspace, which has seen a sharp decline in traffic over the years since it was …

Russia’s VimpelCom to acquire WIND Telecom for $6 billion

March 17th, 2011

WIND Telecom SpA announced on Thursday that the shareholders of Russian mobile operator VimpelCom have voted to approve the acquisition of WIND Telecom for $6 billion. VimpelCom said regulators approved the acquisition as well. The deal covers all of WIND Telecom’s assets, which includes Orascom Telecom, a major WIND Mobile shareholder, and VimpelCom will add …

Apple angling for unlimited downloads of purchased music?

March 4th, 2011

According to a report filed by Bloomberg, Apple is working with record labels to make music tracks purchased via its iTunes Music Store more accessible. The report, which cites multiple anonymous sources, claims that the digital store creator wants to provide music purchasers with the ability to re-download tracks they’ve bought an unlimited number of times. The functionality …