Justin Timberlake Part-Owner in MySpace Deal

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Justin Timberlake brought "sexy back," maybe he can bring MySpace back, too. On Wednesday, News Corp. dumped its stake in the struggling social network for a bargain basement $35 million, much less than the $580 million it originally bought it for in its prime, The Wall Street Journal reported. Ad-targeting firm Specific Media is mostly putting up stock to buy the site, which has become an “afterthought” in a Facebook-dominated world, the Journal reported. But Specific Media may have a secret weapon with "Social Network" star Timberlake. The pop singer and actor is going in on the deal and will play "a major role in developing the creative direction and strategy for the company moving forward," Specific Media told the AP.

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