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Sources: MySpace in Talks to Buy imeem
Date: Wednesday, November 18, 2009 @ 13:37:40 UTC

MySpace is in talks to acquire struggling free music streaming site imeem, two people familiar with the matter said Tuesday. The people spoke on condition of anonymity because talks are confidential. An announcement could be weeks away, and terms are still being negotiated, but MySpace is trying to revamp itself and its MySpace Music joint venture with the major recording companies. An acquisition could bolster the unit of News Corp. by adding imeem's approximately 4.5 million users, its technology and its executives, including founder and CEO Dalton Caldwell. MySpace recently bought music recommendation service iLike for $20 million and gave the founding Partovi brothers new executive roles. Complete Article







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