Demand Media former CEO and co-founder Richard Rosenblatt confirmed that he has joined merchant bank Raine Group in an advisory role. Sources said it was a part-time gig, with the longtime entrepreneur consulting on deals such as WME’s recent acquisition of IMG. Rosenblatt, who brokered the $580 million sale of Myspace to News Corp in 2005, resigned from Demand last October.
This article originally appeared on Recode.net.
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