MySpace Close To Acquiring iLike For $20 Million

techcrunch.com

13 points·peter123··7 comments

If there is one company on the web I really don't like it is 'Ilike'. They keep on spamming their 'viral' emails.

It makes sense for myspace though, they're well over their top and have now refocused on music (since social networking has all but been cornered by facebook):

http://www.alexa.com/siteinfo/myspace.com

So, buying up music sites that have some traffic may plug the hole.

Considering the levels of investment, it does not seem like an unqualified success. Apparently ticket master already sunk about 13 mil in there.

wow! great step by myspace. this sure will irritate facebook like hell. might even lead to bidding war with facebook.

surprised by low price though. might be an investment?

Low price ? I'm amazed it fetched that much!

They're roughly 250K uniques / day, that's an amazing amount of money for such a small site.

The way they've been emailing people they should have been bigger than google by now...

iLike is in many ways the poor man's Last.fm. I don't see how it's worth Myspace's money, unless they're buying it for the infrastructure.

Good point, I hadn't thought of that.

Compared to what myspace already has it would be a drop in the bucket though.

I think myspace just needs to be seen as doing something (anything) and they need to prop up their rapidly failing numbers. Since mid 2008 they've halved in traffic, a trend that they'll have to stop somehow.

At least this gives them a way to get the myspace.com domain in the press in a positive way.

Well, Myspace has its own set of artists with a loose structure. iLike, on the other hand, has a comprehensive list of musicians that it builds (rather than having individual musicians add themselves), and it has a slew of information including track listings for albums, videos, and tour dates.

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