Justin Timberlake dips finger on $35 million sale of MySpace
From the more than half-a-billion money it poured in 2005 to snatch the then hotshot social networking site MySpace, Rupert Murdoch-owned News Corp. has decided to jettison the website from its portfolio and sell the company to advertising firm Specific Media for a measly $35 million. Reuters

If he was able to bring “SexyBack” maybe he’s got a shot at bring MySpace back too.

Justin Timberlake will have a major role in redeveloping the once popular social networking site MySpace after its takeover by advertising network Specific Media for $35 million Wednesday.

Timberlake is expected to advise the company’s new strategy and creative projects.

The new MySpace will focus mainly on music, the former site was a popular haunt for aspiring musical artists looking for a place to show their skills online and build a fan base.

Life will imitate art as Timberlake played Napster founder Sean Parker in the Facebook biopic ‘The Social Network.’

There's a need for a place where fans can go to interact with their favorite entertainers, listen to music, watch videos, share and discover cool stuff and just connect, said Timberlake. MySpace has the potential to be that place.