|Last.fm bought by CBS for $280m
A incredible bargain, in my opinion.
Social music site Last.fm has been bought by US media giant CBS Corporation for $280m (£140m), the largest-ever UK Web 2.0 acquisition. The online network was founded in the UK five years ago and it now has more than 15 million active users. - BBC
That's 2 acquisitions and some other significant moves for CBS in the past few weeks. They just scooped up Wallstrip for $5million
and invested in Joost.
Links: Stacy Kramer
(paidContent), Pete Cashmore
, Joseph Menn
(LA Times) and Richard Jones
(Last.fm's official blog).
Technorati Tags: social.media
Wednesday, May 30, 2007
why the f... didn't we put gmw.net money into that? would have been a better investement...
# posted by : 8:06 PM, June 01, 2007