This was a big deal when it actually happened. You're reading a very old article. At that point in time, Myspace was only beginning its inevitable downfall and was already owned by News Corp. Justin Timberlake and an internet ad company, Specific Media, bought Myspace for $35 million less than a year ago. Finally, News Corp/Myspace resold Photobucket to another company a few years ago for a fraction of the original price.