Last.fm bought by CBS for ?140m ($280m)

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Last.fm bought by CBS for ?140m ($280m)

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05-30-2007, 05:28 PM

Razasharp

Join Date: Feb 2005

Location: UK

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Last.fm bought by CBS for ?140m ($280m)

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Social music site Last.fm has been bought by US media giant CBS Corporation for $280m (?140m), the largest-ever UK Web 2.0 acquisition.

The online network was founded in the UK five years ago and it now has more than 15 million active users.

It allows users to connect with other listeners with similar music tastes, to custom-build their own radio stations and to watch music video-clips.

Last.fm founding member Martin Stiksel said it was an "exciting opportunity".

Full story here: http://news.bbc.co.uk/1/hi/technology/6701863.stm

I like last.fm - some nice touches on it

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