If he can bring sexy back, why not Myspace? It's been revealed that Justin Timberlake was a significant financial backer of Wednesday's $35 million dollar acquisition of Myspace by digital advertising firm Specific Media from former parent News Corp. Timberlake, who played Napster founder and Facebook investor Sean Parker in the 'The Social Network' will "lead the business strategy" for the new version of the floundering social network. Though he will have an office at Myspace HQ in Beverly Hills, Specific Media chief executive Tim Vangerhook said that JT is "probably not going to be there every day."

Said Timberlake in a statement:

"There's a need for a place where fans can go to interact with their favorite entertainers, listen to music, watch videos, share and discover cool stuff and just connect. Myspace has the potential to be that place [...] Art is inspired by people and vice versa, so there's a natural social component to entertainment. I'm excited to help revitalize Myspace by using its social media platform to bring artists and fans together in one community."

[via guardian.co.uk]