MyAsiaSpace - News Corp. inks deal for Asian MySpace

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News Corp. & Softbank Corp. have created a 50/50 joint venture - MySpace KK - that will bring bring MySpace to Asia.

Quote:
The new venture comes amid rapid growth in Japan's social networking sites, which are thought to have more than 10 million users, according to the Nihon Keizai newspaper. Softbank subsidiary Yahoo Japan Corp. provides social networking sites, but Softbank has not involved itself in the sites' operations.

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