The two companies announced the integration of Facebook Connect on MySpace. It's an expansion of a partnership they called a "Mashup with Facebook," which basically allows MySpace users to share their content through Facebook.
While the news may not be Earth-shattering, it is a sign of that the hatched has been buried between the two companies. MySpace was once the social network, taking the mantle from Friendster.
But even before Facebook opened up its portal to non-students, the social network took a huge bite out of MySpace's once dominate role.
MySpace has since been sold to Rupert Murdoch and earlier this month it rebranded itself as a "social entertainment" portal as it searches for a niche to become relevant again.