ContactMusic — Justin Timberlake has bought a controlling stake in MySpace. The singer-turned-actor and new owners Specific Media have plans to turn the social networking website into a major entertainment portal, incorporating original music, video and programming... more info

Popeater — Filed under: Music News, Justin Timberlake Justin Timberlake played a digital age tycoon in 'The Social Network' and now the singer turned actor turned comedian is adding one more skill to his résumé -- he's taking a stake in the social networking ... more info

Perez Hilton — MySpace is about to say GoodbyeSpace…but WhySpace??? During a recent interview, Napster co-founder Sean Parker opened up about why he believes Facebook beat out MySpace in the Social Network wars. Here's Sean on where MySpace went wrong: "The failu... more info

NME — Ailing social network has been sold for $35 million more info

Perez Hilton — Time will only tell if he will succeed! Let's all be honest - no one uses their MySpace anymore. It's all about the Facebook and the Twitter. It's become updated, passe. They've laid off almost all of their staff and the last we heard, the head honch... more info

Gigwise — To take 'major role' in company... more info

Yahoo! Music UK — world entertainment news - Justin Timberlake has another social network in his sights after taking a stake in Facebook's biggest rival, MySpace.com. more info

L.A. Times - Entertainment — After securing a piece of the company, the onetime boy-band phenom will have an office at Myspace and a staff of six.After securing a piece of the company, the onetime boy-band phenom will have an office at Myspace and a staff of six. more info

ContactMusic — Justin Timberlake has another social network in his sights after taking a stake in Facebook's biggest rival, MySpace. com. The pop superstar/actor played Napster co-founder Sean Parker in The Social Network, a film based on the beginnings of Facebook... more info

People.com — Timberlake will use MySpace's "social media platform to bring artists and fans together in one community," he says more info