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Social Chat Startup Threadbox Confirms Sale To MySpace

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News Corp.‘s MySpace (NSDQ: NWS) has finalized a deal to buy certain, unspecified assets of social messaging platform Threadbox. Venturebeat had reported last month that a deal was in the works, although Threadbox wouldn’t talk about it then.

Threadbox now says several “key members” of the Threadbox team have moved over to MySpace and “we plan to apply our technology there in a variety of ways,” adding that “those of you that were using Threadbox socially may even find what we are building at MySpace interesting.” Venturebeat says CEO Michael Cerda has joined MySpace as vice president of product, communications.

SEE ALSO: MySpace To Acquire Social Chat Service Threadbox’s Assets

Threadbox was mainly focused on remaking e-mail as a real-time messaging experience. Like an instant message box, the service showed users who among their list of friends was available online, and let them post and receive messages, files, images. It’s possible that the technology is being applied in the “major overhaul” of MySpace that News Corp. has promised is coming within months.

Aug 24, 2010 7:23 PM ET

Myspace and Threadbox logos


Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, News Corp., MySpace, threadbox

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