Intermix Gets Equity Investment

Los Angeles-based Intermix Media announced that it has received an equity investment in the publicly listed company worth $4M, and a strategic investment in its online social networking property The funding is coming from Redpoint Ventures. Intermix said that Redpoint would also invest in a newly organized, independent subsidiary of the company, MySpace Inc. MySpace is an online social networking site focused on sharing photos, journals, and interests with friends. The site competes against services like Ryze and Friendster. More information »