MySpace Buying Assets of Social Messaging Platform Threadbox

Los Angeles - News Corp.'s (NYSE: NWS) MySpace online social network will acquire certain assets of Threadbox, the developer of a social messaging platform, VentureBeat reported.

Under the deal, MySpace is reportedly acquiring some of Threadbox's technology, and certain of its team members will join the company.

Launched in 2009, Threadbox offers a social messaging platform that combines elements of email, instant messaging and file-sharing -- similar to Google's Wave.

"We plan to apply our technology there in a variety of ways! Those of you that were using Threadbox socially may even find what we are building at Myspace interesting!" CEO Michael Cerda wrote in a blog post.

Threadbox had raised $2 million in funding, from backers including Venrock, Hillsven Capital and Seraph Group.