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MySpace today announced an agreement to acquire iLike, a leading social music discovery service. The acquisition brings together two companies who share a common vision revolving around social discovery and distribution of quality content.
“The iLike acquisition advances our relentless pursuit of innovation and the need to create new distributed social experiences in music and beyond,” said Owen Van Natta, Chief Executive Officer of MySpace. “We are deeply committed to bringing world class talent into all areas of the company and this acquisition demonstrates our focus on this objective.”
I think Myspace have gone way to far to do a u-turn. Not sure if this is even a wise aquisition. The Myspace ballence sheet can't be looking to good even before this purchase.
i as a musician have never used Myspace to advertise my music. i always thought that site was for people to get a
free site and show off their personal life online
and show off how many friends they have.
Desperate times going on for many online, that's what iThink.