MySpace Buys ad supported music streamer Imeem

ACQUISITION

Acquirer: MySpace
Web: http://www.myspace.com
Location: USA, Beverly Hills, CA
Region: North America
Description: Social networking website
Contacts:

  • Owen Van Natta, CEO
  • Tom Anderson, Co-Founder & President

Target: Imeem
Web: http://www.imeem.com
Location: USA, San Francisco, CA
Region: North America
Description: Ad supported streaming music

Contacts: Dalton Caldwell, founder

Approximate value: $8-10,000,000

Details: MySpace Buys ad supported music streamer Imeem News Corp’s MySpace purchased streaming music competitor imeem for a price reported to be between $8 to $10 million.

Link: Wired     

Database Acquisitions – November 2009

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