MySpace and iMeem have concluded the deal
13th December, 2009 by adina
Tags: iMeem, Internet, Music, MySpace, News, Software
Related News
MySpace has completed the buyout of the music streaming service iMeem. This happens after two months of negotiations and the transaction has been closed for under $1 million. As a consequence, MySpace Music bought iMeem’s assets and the latter will be shut down, all its customers being steered towards MySpace Music, which offers services such as free web streams and pay-per-download MP3s. Key executives will serve as consultants during the transition of the service, while other employees have an uncertain future. For the moment, iMeem’s website is inaccessible.
This acquisition intervenes just a few days after another transaction, one of the iMeem’s direct rivals, Lala, being bought by Apple. However, the two companies seem to have different goals. While Apple is believed to have a large interest in engineers specialized in Internet streaming to expand the reach of iTunes, MySpace Music seems to be interested in strengthening its existing web service.
Readers Comments
Latest News
- Sony CEO says the company will make a new type of TV set
- Google says when Microsoft’s products fail, it wields patents
- 85 to 90 percent of Apple Stores are running out of the new iPhone 4S daily
- HP’s home notebook production to be moved from China to Japan
- Disney and YouTube to team for kid-friendly video content
- Apple to have iPad 3 display with dual-bar LED
- Apple to get a temporary suspension of the German Motorola injunction
- 3D-capable 3D1 camera unveiled by Panasonic
- Xperia Arc HD of Sony Ericsson with dual-core and 720p screen
- Siri to work fully on iPod touch and iPhone 4
- European Union deal asks for airwaves clear for 4G until 2013
- Samsung claims Android 4.0 to hit Galaxy Note, Galaxy S II and Galaxy Tab next year
- Nokia chief says Windows 8 tablets are an interesting opportunity
- Samsung pushes past Apple to be first with 27.8 million smartphones sold
- Yahoo trying to shed Alibaba stake, but not paying taxes
Whatta hek! My space imeem? It’s just like forcing us to create an account on my space! You got that! Now, I can no longer access to my imeem account and seems to be that everything I downloaded my music to imeem, is all gone.