Thursday, August 20, 2009

MySpace to buy social-music company iLike

Austin Business Journal
MySpace said Wednesday it is buying iLike, a social music service. The purchase brings together two social-media companies that want to deliver content to users, MySpace said.
Terms of the deal were not disclosed. iLike’s dominant music application on is iGoogle and Facebook, among other sites.
In an announcement, Beverly Hills-based MySpace said that the purchase won't change the iLike experience for iLike users and the artists that use the service. iLike will keep its Seattle headquarters.
Brothers Ali and Hadi Partovi founded iLike in 2006. In two years iLike has become the largest music application across all social networks -- with 55 million total users and 1.5 billion monthly impressions. No structural changes will be made among management or employees at iLike.
Technology blog TechCrunch reports that Facebook and Amazon made offers for iLike. Activision Blizzard and Microsoft were incorrectly rumored to be vying for the social-music service.
Rumors have circulated for months about iLike -- including speculation last year that RealNetworks and West Hollywood-based Ticketmaster were interested.

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