Printed from http://www.electronista.com

MySpace to buy iLike?

updated 11:10 am EDT, Mon August 17, 2009

MySpace May Buy iLike

MySpace may be close to upending the music market with an acquisition of iLike, a rumor this morning suggests. More than one TechCrunch source has the social network giant buying the music recommendation and playback app for about $20 million in a deal that could be made public later this week. The purported agreement would be separate from the MySpace Music download and streaming service available today.

Neither of the involved companies has commented on the rumor.

A buyout of the sort would represent a major blow to Facebook, for whom iLike is not only one of its most important apps but its only real equivalent for purchasing music. iLike recently opened its own store after linking only to Amazon MP3 and iTunes, and it's also known for regularly offering full-length songs to stream either in a site profile or for sharing with others. It's not known if MySpace intends to pull iLike from Facebook, Bebo and other competing networks.

Adding iLike would also reinforce MySpace's attempt to become a central hub online music and to compete not only with Facebook but also iTunes and other services. While MySpace has regularly been a home for artists, it has rarely had an easy way to share music or to offer features besides playing music; iLike would bring better ways of sharing music between users, finding artists on tour and buying concert tickets.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Advertisement

Recent Reviews

Seagate Wireless

It seems like no matter how much internal storage is included today's mobile devices, we, as users, will always find a way to fill the ...

Lenovo Yoga Tablet 2 (Android, 10.1-inch)

Lenovo is building a bigger name for itself year after year, including its devices expanding beyond desktop computers. The company's l ...

Brother HL-L8250CDN Color Laser Printer

When it comes to selecting a printer, the process is not exactly something most people put a lot of thought into. Printers are often t ...

Advertisement

toggle

Most Commented

 
toggle

Popular News