MySpace acquires iLike for estimated $20 million

By Matthew
Aug 19, 2009
  1. MySpace announced today that it is buying social music service iLike for a rumored $20 million. The move is a part of News Corp's strategy to distinguish itself from competitors like Facebook by surrounding its social network with a music-oriented aura. Ironically, a significant portion of iLike's business is with Facebook and other social sites.

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