Home › DMW Daily › August 17, 2009

Report: MySpace Close to Acquiring iLike for $20 Million

Authored by Mark Hefflinger on August 17, 2009 - 9:44am.
Palo Alto, Calif. - News Corp.'s MySpace online social network is poised to close a deal to acquire iLike, a social music service and popular application on rival Facebook, for around $20 million, TechCrunch reports. Founded in 2006, iLike has raised $16.5 million to date and now counts 50 million registered users for its service, which monitors listening habits and can make musical recommendations.

Some 10 million of its users access iLike via a Facebook application.

TechCrunch reports that MySpace is interested in the technology and the iLike team, which includes Ali Partovi, Hadi Partovi and Nat Brown.

Last week, the company debuted its own music download store to complement its streaming service, with songs priced between 89 cents and $1.29.

 

Related Links:
http://snipurl.com/qed0e (TechCrunch)

http://www.ilike.com

Published in DMW Daily, August 17, 2009
tags: Deals | Social Networking | Music | MySpace | Acquisitions | News Corp. | iLike |



Comments

Post new comment

The content of this field is kept private and will not be shown publicly.