Tuesday, February 20, 2007

Viacom to acquire Last.fm?

Viacom executives are in London negotiating the purchase of LastFM, the London based "online social music network" (read: internet radio station), according to a music business source familiar with the negotiations. The purchase price is said to be $450 million dollars.


I don't know how real this story is, but certainly interesting. I've made no secret that I think Last.fm is an acquisition target for someone... but I didn't figure Viacom (I would assume with MTV being the main benefactor of such an acquistion). I guess they are looking to fill the void left by a missed YouTube opportunity?

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