News Corp. has finally found someone willing to take the failed social network off its hand. It has been confirmed that MySpace has been sold to Specific Media, an online advertising company for $35 million. This acquisition will also result in a lot of layoffs. MySpace’s current CEO, Tim Vanderhook will leave the company in two months.

It was initially reported at the beginning of May that Twitter was buying TweetDeck and now it has been confirmed by several sources. Twitter has acquired Tweetdeck for $40 million in cash and stock. According to CNN Money, the paperwork for making the deal official was signed on Monday. An official announcement is expected to be announced very soon.

Samsung has officially confirmed the company has sold 10 million Galaxy S Android phones in just 7 months. This impressive feat was accomplished with a 700,000 unit holiday push that lifted sales over the 10 million mark. Samsung has to be thrilled with their Android baby. This target of 10 million Galaxy smartphones was helped more »

Asus set a target of 5 million units of its Eee PC netbook to be sold this year, which they appear to be reaching. The only problem is that shipments of the Acer Aspire One are creeping towards its ambitious target of 6 million sales, 20% more than the Eee PC.

The title of “best selling netbook” is one that Asus will be incredibly reluctant to give up as it was mainly them who came up with the netbook idea, and it has been through them that the craze has spread. However the numbers do not lie, Asus only shipped 1.7 million in the third quarter while Acer managed 2.4 million, and advantage they intend to continue into the fourth quarter with predicted sales to exceed this quarter.