SocialNetworking

Myspace To Acquire Music Sharing Service iLike

Myspace buys iLike

TechCrunch reported this morning that Myspace will acquire the popular music social networking site iLike. The deal is expected to be closed later this week for approximately $20 million. The interesting twist is that iLike, with over 50 million reported users, is the top music sharing service on many other social networking sites including Facebook.

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