Thursday, August 20, 2009

Finally MySpace has acquired iLike

Ilike goes to My Space. The purchase price is not known yet but as we informed you previously that it may go for around $20 million. iLike will continue its existence in Seattle and its employees will stay on board. The acquistion of iLike represent’s MySpace vision of bringing innovation and distributed experience to the music world. Owen Van Natta, who happens to be the CEO of MySpace said in the Press release:

"The iLike acquisition advances our relentless pursuit of innovation and the need to create new distributed social experiences in music and beyond. We are deeply committed to bringing world class talent into all areas of the company and this acquisition demonstrates our focus on this objective."

The press release also mentioned:

"Brothers Ali and Hadi Partovi founded iLike in 2006, and in just two years made it the largest music application across all social networks with 55 million total users and 1.5 billion monthly impressions.

The entire iLike team will stay intact including, CEO Ali Partovi, President Hadi Partovi and CTO Nat Brown."

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