MySpace, Web, Social Networking
MySpace In Talks to Purchase iLike Music Service?
MySpace may have finally figured out its niche for combating the Facebook onslaught: music, which the almost-obsolete site nails, way better than its shinier competitor. TechCrunch writes that MySpace is close to an agreement in the purchase of the music-based social networking service iLike.iLike would not only bring a new pool of members to the NewsCorp-owned site, but would also likely expand its music-centric social features. Plus, it has the potential to put Facebook and other competitors in the awkward position of having a popular, MySpace-run application on their sites. iLike rose to prominence based heavily on the strength of its Facebook application, which lets users share their current music listenings with friends. It also has popular applications on sites like Hi5 and Bebo (owned by our parent company, AOL). The purchase of iLike would reinforce MySpace's push to become a hub for media and entertainment.
TechCrunch claims that MySpace, not MySpace Music (a joint venture between MySpace and record labels), has agreed to acquire the music site for $20 million. PaidContent's Rafat Ali, on the other hand, claims the price is higher. Silicon Alley Insider points out that if, and when, the purchase is completed, MySpace will own the top music app on Facebook; roughly 10 million profiles feature the iLike app.
The iLike purchase would also give MySpace its own dedicated music store. Currently, MySpace Music simply links to Amazon MP3 downloads. But iLike recently launched its own marketplace, which could provide a more reliable source of income.
Like the recent acquisition of FriendFeed by Facebook, we're stuck playing a wait-and-see game as to how the combining of the social networks will play out. But if leveraged right, iLike could be a powerful stride in MySpace's return to relevance. [From: TechCrunch, Silicon Alley Insider, CNET, and Elctonista]



Reader Comments (Page 1 of 1)
Greeny said 10:08PM on 8-17-2009
I LOVE Acai-eez BURN. Acai-eez BURN http://www.acai-eez.com has helped me to lose over twenty five pounds! Acai-eez BURN contains acai berries, green tea, grapefruit, kelp, and apple cider vinegar that work together to suppress the appetite, increase the metabolism and gives you a natural energy boost that lasts all day. Acai-eez BURN NEVER auto bills or auto ships like most of the acai berry companies who offer a free trial and then sign you up on a monthly auto bill program, with Acai-eez, you order the product whenever you need it! I feel amazing now that I have lost weight. Acai-eez BURN has made the difference in my weight loss. Buy 3 get 1 free to save money while you lose weight!
Reply