Thursday, November 19, 2009
MySpace acquires Imeem
MySpace will pay about $8 million for the music-focused social network. For consumers all this means is that the number of places to obtain free music appears to be shrinking.
MySpace, a unit of media giant News Corp., by acquiring Imeem, a free online music service, is a bid to expand its MySpace Music service which allows users to create a profile, and can recommend music to others or find out what they're listening to.
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