CBS Acquires Music Social Networking Site Last.fm for $280 million

Thread Rating:

0 Vote(s) - 0 Average
1
2
3
4
5

Threaded Mode | Linear Mode

CBS Acquires Music Social Networking Site Last.fm for $280 million

05-31-2007, 10:50 AM,

Post: #1

mandy Offline

Administrator

Posts: 9,932
Likes Given: 0
Likes Received: 6 in 5 posts
Joined: Feb 2011
Reputation: 0

CBS Acquires Music Social Networking Site Last.fm for $280 million

Quote:CBS has acquired Last.fm, a social networking Web site, for $280 million. The London-based operation focuses on music and has more than 15 million active users. CBS has reportedly been working on this deal for some time, the end goal being to allow Last.fm users to post CBS video clips to the site...

"It would be very difficult for CBS to build a Last.fm competitor," he said. Web 2.0 content providers, such as MySpace and YouTube, are having greater success in building destinations than traditional media companies, he observed.

Also, the wave of similar acquisitions preceding the CBS-Last.fm deal shows that these growth sites are not penalized by their user bases when folded into the traditional corporate realm...

full article: http://ecommercetimes.com/story/QNB6pStF...stfm.xhtml

« Next Oldest | Next Newest »

Possibly Related Threads…
Thread		Author	Replies	Views	Last Post
	Social Networking Sites of the World	ajay1539	0	4,468	10-01-2014, 03:35 PM Last Post: ajay1539
	Mobile Social Networking Expected to Enjoy Explosive Growth	mandy	2	4,458	07-31-2008, 10:23 AM Last Post: mandy
	The Key to Social Networking Site Monetization: The Long Tail and Niche Sites	mandy	1	3,471	07-25-2008, 04:40 PM Last Post: robel
	Top 10 Social Networking Annoyances	mandy	0	3,055	05-16-2008, 11:50 AM Last Post: mandy
	Ecommerce and Social Networking: What is the ROI?	mandy	0	3,191	05-12-2008, 11:29 AM Last Post: mandy
	AOL Buys Social Networking Site Bebo For $850 Million	mandy	1	3,518	03-17-2008, 08:03 AM Last Post: mandy
	Ecommerce Social Networking Field Test	mandy	0	2,997	02-26-2008, 11:09 AM Last Post: mandy
	Social Networking Hit By Privacy Backlash	mandy	1	2,812	12-04-2007, 01:38 PM Last Post: mandy
	Over-50s are muscling in on the social-networking arena	mandy	0	2,431	11-02-2007, 11:44 AM Last Post: mandy
	Upspring: new social networking site for local business promotion	mandy	0	2,326	10-07-2007, 08:49 AM Last Post: mandy

Forum Jump:

Users browsing this thread: 1 Guest(s)