MySpace to buy social music site iLike

News Corp.-owned MySpace buys music Web site and network application, which gained popularity on Facebook and other social networks.

EMAIL  |   PRINT  |   SHARE  |   RSS
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all RSS FEEDS (close)
By David Goldman, staff writer

MySpace said iLike will work along side its MySpace Music unit, but will not be integrated with it.
When do you plan to retire?
  • Before age 65
  • At age 65
  • After 65
  • Never

NEW YORK ( -- Social networking site MySpace said Wednesday that it agreed to buy popular music application iLike for an undisclosed amount.

The deal marks MySpace's first purchase under Chief Executive Owen Van Natta, who took the helm in April.

Once the largest social network, the company has struggled to grow its user base since it was purchased by NewsCorp (NWS, Fortune 500) in 2005.

With 55 million total users, iLike is the most popular music application across social networks, including Facebook, which eclipsed MySpace as the world's biggest social networking Web site in 2008.

ILike allows users to share music playlists and concert alerts, as well as connecting them to concert ticket buying Web sites. Van Natta said users will not notice any immediate changes and will still be able to access the application on rival networks.

First of many deals. The MySpace CEO said on a conference call that the deal will compliment the MySpace Music unit, a joint venture with major record labels. Van Natta hopes to expand iLike into gaming and video.

"ILike provides a great experience," said Van Natta. "We want to continue to extend that to new users into other categories -- it has a broad range across other entertainment categories."

Van Natta said the iLike acquisition is just the first of many soon-to-come announcements of bringing "world-class" talent to the company.

The MySpace chief executive said he doesn't want to disrupt what iLike is doing, and will keep the company's founders, Ali and Hadi Partovi, in their current roles. However, he also said he plans on utilizing the Partovi brothers' skills in other areas of the company as well.

"MySpace's strengths have been a long-time source of inspiration for iLike," said Partovi, in a statement. "Combining MySpace's existing platform, reach and resources with iLike's syndication network and social discovery tools creates the potential for truly exciting innovation and commerce across any vertical entertainment category."  To top of page

Social network MySpace announced on Wednesday that it has agreed to purchase iLike, an Internet social music service.
They're hiring!These Fortune 100 employers have at least 350 openings each. What are they looking for in a new hire? More
If the Fortune 500 were a country...It would be the world's second-biggest economy. See how big companies' sales stack up against GDP over the past decade. More
Sponsored By:
More Galleries
10 of the most luxurious airline amenity kits When it comes to in-flight pampering, the amenity kits offered by these 10 airlines are the ultimate in luxury More
7 startups that want to improve your mental health From a text therapy platform to apps that push you reminders to breathe, these self-care startups offer help on a daily basis or in times of need. More
5 radical technologies that will change how you get to work From Uber's flying cars to the Hyperloop, these are some of the neatest transportation concepts in the works today. More
Worry about the hackers you don't know 
Crime syndicates and government organizations pose a much greater cyber threat than renegade hacker groups like Anonymous. Play
GE CEO: Bringing jobs back to the U.S. 
Jeff Immelt says the U.S. is a cost competitive market for advanced manufacturing and that GE is bringing jobs back from Mexico. Play
Hamster wheel and wedgie-powered transit 
Red Bull Creation challenges hackers and engineers to invent new modes of transportation. Play

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.