It looks like Justin Timberlake will be turning MySpace into his space.
The advertising network Specific Media signed a deal Wednesday to acquire the social networking site and revealed that the “SexyBack” singer would be taking an ownership stake in the company. Timberlake will reportedly play a major role in the future of the struggling site. In a statement, Justin said fans still need a place where they can interact with their favorite entertainers, and he believes MySpace can fulfill that need. The new “vision” for MySpace is expected to be unveiled in an “exclusive press conference” later this summer. Orange County-based Specific Media took over the site from News Corp for a less-than-expected 35-million dollars. Current estimates by ComScore Digital Analytix put the number of MySpace users at 35-million as of May. That’s less than half the number of people who used the site at its peak in 2008.