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MySpace to Launch in Japan
By: Reuters   |   Nov 06, 2006
News Corp.'s MySpace.com online service will be launched in Japan in a joint venture with Japanese Internet and telecoms group Softbank Corp., the Nihon Keizai business daily has reported.

The 50-50 venture, to be called MySpace Japan, will first offer services for personal computers and later allow users to post photos and write blogs via cellphones, the paper said. The firms are expected to announce the deal as early as this week after a meeting between News Corp. Chairman and Chief Executive Rupert Murdoch and Softbank CEO Masayoshi Son, it said. Softbank spokesman Takeaki Nukii declined to comment.

News Corp. bought MySpace.com, which is popular with teenagers, last year for an estimated $580 million, and has transformed it into one of the Internet's fastest-growing properties. Such online services have also been gaining popularity in Japan with Mixi Inc., the country's most popular online social network site, quintupling its users since August of last year. Softbank's Internet arm, Yahoo Japan Corp., also offers an online network service.
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