joint venture with Japanese Internet and telecoms group Softbank Corp. The 50-50 venture, to be called MySpace Japan, will first offer services for personal computers and will eventually allow users to post photos and write blogs via mobile phones. The firms are expected to announce the deal as early as this week after a meeting between News Corp. Chairman and Chief Executive Officer Rupert Murdoch and Softbank CEO Masayoshi Son. The Japanese version of MySpace is live here however there is still no official announcement from Softbank. [Update: it's official -- Eds]
WWJ Editors note: Considering the recent agreement between KDDI and Japan’s popular Gree SNS portal, this is certainly a hot space. If this story is true, competition in Japan’s converged PC-web/mobile social networking space will really heat up. Via Web 2.Ooooh.