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Report: MySpace Waves White Flag

TechCrunch's Michael Arrington claims to know exactly what Facebook and MySpace plan to announce this afternoon during an invitation-only press event -- to which he wasn't invited. "The event is less of a partnership announcement and more of a formal surrender ceremony," according to Arrington.

"MySpace is sending CEO Mike Jones for the announcement. Facebook managed to rustle up a vice president -- Done Rose." Sources tell Arrington that is MySpace is "a little more than embarrassed" that Facebook isn't making someone more senior available for the event. The actual partnership involves a Facebook Connect integration so users can associate their MySpace accounts with their Facebook accounts and then log in to MySpace via Connect. As Arrington notes, part of that is already live. Meanwhile, MySpace is expected to contribute profile information to the partnership, which will be used it to help target advertising. Per the deal, Facebook users will now be able to push all their Facebook status updates to MySpace.

Read the whole story at TechCrunch »

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