Tuesday, February 15, 2005

MySpace Gets $5M

Los Angeles-based Intermix Media said today that it has completed its financing of MySpace.com, its independent social networking service. MySpace.com has received $5M from Redpoint Ventures after a series of financial exchanges with publicly listed Intermix. MySpace.com provides an online social networking service which competes against social networking services like Ryze and Friendster, and is focused on common interests like music. Geoffrey Yang of Redpoint will sit on the company's board. More information »