CBS buys music network Last.fm

Music social network Last.fm bought by CBS for $200 million

From News.com via Reuters:

CBS on Wednesday said it has paid $280 million in cash for music social network Last.fm.

CBS said in a statement that the online service has more than 15 million active users in more than 200 countries and would fit well with its plans to attract younger viewers and transform it from a content company to an audience company...

Read full story.

See also: What does CBS want with Last.fm?

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