News Corp. reaches deal to bring MySpace to China – David Barboza

Rupert Murdoch has at long last found a way back into the China market, with MySpace:

Rupert Murdoch’s News Corp. has signed a deal to bring its popular online social networking site, MySpace.com, to China.

News Corp. and two venture capital firms agreed earlier this month to hire a former Microsoft executive to license the MySpace brand and technology in China in the hope of capturing market share in the world’s fastest-growing internet market. [Full text]