News Corp. and Japan’s Softbank Corp. announced plans Tuesday to bring MySpace, the popular Internet social networking site, to Asia, the Associated Press reports.
The 50-50 joint venture MySpace KK will be run mostly separately from News Corp., the site’s New York-based parent company, the two companies said.
Each company will invest 590 million yen ($5.09 million) in the new company, which adds to MySpace’s international operations in Britain, Germany, France, Australia and Ireland.
