LastFM sold to CBS for £140m

As reported here by the BBC.

An inevitable move I guess – LastFM has clearly been courted by numerous media companies for some time. There have been the odd cries of "sell out" from some LastFM users – but most seem to be giving this a cautious welcome – on the basis that CBS merely provide added resources rather than meddling with a very successful formula.

Others have asked whether £140m is a little on the low side, considering LastFM’s 15 million user base (works out around just over £9 per user). Let’s hope LastFM can continue to keep up the good work so far.

Oh, and spot the deliberate error in the Beeb story – namely, "And last year, search engine Google paid $165bn (£82bn) for video site YouTube."

Er, I don’t think so.


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