Breaking: Myspace Close To Acquiring Ilike For $20 Million

MySpace is close to acquiring popular social music service iLike, we've confirmed with multiple sources. The deal, which should close this week, will be MySpace's first acquisition since new CEO Owen Van Natta took control of the company in April 2009. The price is "around $20 million." iLike, which launched in late 2006, is a social music recommendation service that now has more than 50 million registered users.

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