Thursday, November 19, 2009

MySpace Music plans to buy Site Again


Social networking site MySpace was also keen to promote the online music industry. This time the choice fell to a free streaming music site imeem.

Rumors that surfaced through Yahoo Tech, Wednesday (18/11/2009), it said today the two companies were in discussions to produce a deal. This decision will likely happen in the next few weeks due to the requirement for an agreement still must be negotiated.

Networking site number two in America itself is rumored to be combined imeem with several leading record companies. Imeem merger is believed to increase the number of users due to imeem own MySpace was rumored to have approximately 4.5 million users.

Before buying imeem, MySpace also has bought iLike, a music recommendation service site, with a price of $ 20 million.

Imeem, a company based in San Francisco has been established since 2007 but the company could not develop because the music business is not able to find a formula to meet customer needs. The site itself is currently providing similar services MySpace music, be it a personal profile, providing music recommendations to other people, or looking for music that was heard.

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