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February 11, 2016 02:44 pm GMT

Time Inc Acquires Viant, Owner Of Myspace And A Vast Ad Tech Network

Screen Shot 2016-02-11 at 14.43.19It looks like Myspace is becoming abig-media property once again. Today during its quarterly earnings report, Time Inc announced that it has acquired Viant, a profitable company that has built a large ad tech business, but also ownsother properties, including once-hot social networking site Myspace. Terms of the deal are not being disclosed. As part of it, Time Inc will become a majority…

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/KmA9XqyXnWE/

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