MySpace Buys iLike

From DailyTech: The social networking landscape in America is dominated by two major players -- MySpace and Facebook. MySpace was traditionally the most popular network as far as user numbers, but has been overtaken by Facebook.

MySpace announced this week that it was purchasing a music oriented social network called iLike. The acquisition was announced by CEO of MySpace Owen Van Natta Wednesday during a teleconference. The purchase involved not only the technology behind iLike, but the management team behind the company as well.

The most interesting aspect of the purchase is that iLike is currently used by about 10 million Facebook users – users on other social networks Bebo and Hi5 also rely on the iLike application. iLike is an application for social networks that allows the users to listen to music and recommends new artists that are similar to ones the users like. The website for iLike also hosts web pages for specific bands.

MySpace says that it plans to broaden the purview of iLike from music alone by adding movies and other content to the offerings. Natta said, "I would think that other social networks would be thrilled."

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