News Corp. to Buy Intermix for $580 million

ASSOCIATED PRESS -- July 18 -- News Corp. will spend $580 million to buy Intermix Media--which recently settled a lawsuit accusing it of distributing spyware. News Corp., a movie studio and television conglomerate, said the move is an effort to expand its Internet offerings. Intermix's holdings include MySpace.com.  Intermix, which had revenue of $24.1 million Q1 2005, will become part of News Corp.'s newly created Fox Interactive Media. The deal is expected to close in Q4. FULL RELEASE @ YAHOO