Friday, June 1, 2007

CBS Buys Last.fm

CBS Corporation is buying the popular music social network Last.fm. The BBC says that the $280 million price tag makes CBS’ Last.fm aquisition the largest UK Web 2.0 acquisition ever. The BBC also says Last.fm was founded five years ago and has 15 million users. CBS Leslie Moonves liked Last.fm’s young demographics and its rapid growth rate.

via BloggersBlog

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