MySpace stages another comeback

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NEW YORK (AP) – MySpace, the once-mighty social network-turned entertainment site, is trying to stage yet another comeback with the help of Justin Timberlake.

The company posted a video this week that teases the “New Myspace” and lets people sign up for invitations to join. Based on the video, the new site looks a like an entertainment-focused version of Pinterest, with a dash of Twitter and Facebook.

But Myspace has tried redesigns before, to no avail. Will this makeover work?

Timberlake, who’s featured prominently in the video, will likely play a big part in the MySpace revamp. The pop star/actor, with a group of other investors, bought MySpace last year from News Corp. for $35 million, mostly in stock. News Corp. bought it for $580 million in 2005.

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