Fox buys two (more) web startups

News Corp.'s Fox Interactive Media on Monday said it had purchased two small Internet companies aimed at letting users remix their own music and media on the Internet. Fox purchased Newroo and kSolo for an undisclosed price.

Newroo has created technology tools that enable users to scour the Internet for relevant information from Web sites and blogs that can be used on their own Web sites. kSolo's service lets users sing, record and share their own karaoke recordings by using a database of songs that include everything from "Oops, I Farted Again" by Parody to "New York, New York" by Frank Sinatra.

Fox Interactive Media was formed last year by News Corp. Chief Executive Rupert Murdoch to plant a firm stake on the Internet as readers and viewers spend more time away from newspapers and television.

News Corp. paid $580 million last year to buy Intermix Media, owners of MySpace.com, one of the fastest-growing Web properties by users.

Newroo and kSolo technologies will be deployed across Fox Interactive Media-controlled sites, Fox said.

News source: News.com

Previous Story
Microsoft releases Virtual Server 2005 R2 SP1 Beta 1
Next Story
NTL Speed Upgrades Next Month