On Thursday, MySpace announced its new "Mashup with Facebook" feature, which will allow MySpace to use Facebook Connect across its site. The move will effectively end years-long scuffle for dominance between the two social networking companies.

The partnership between MySpace and Facebook - which is being seen as a smart move by MySpace and marks the company's final submission to its now much bigger rival - will allow users to log into MySpace with Facebook Connect, with all of their likes being sucked into MySpace.

With the move enabling users to connect their status updates together, allowing Facebook statuses to appear on MySpace, the information will apparently make MySpace a hub for users watching their favorite TV shows and listening to their favorite tracks.

Evidently, with MySpace realizing that it might never the social networking battle from Facebook, the company has clearly decided to benefit from Facebook's "social graph" to accomplish its new mission - that of becoming the "leading entertainment social destination."

Noting that the new functionality may help MySpace remain relevant, as it will facilitate the tapping into Facebook's consistently growing user base, MySpace's chief executive CEO Mike Jones said in a statement: "We are thrilled to further our collaboration with Facebook through Mashup with Facebook. This new feature is a great illustration of our strategy around social entertainment and enabling the real-time stream."