It's not confirmed yet, but one high-level music industry source says iLike may bring downloads to Facebook via its app as soon as this week.
iLike -- the company behind the most popular application on Facebook -- is set to be acquired by the 'book's largest rival, MySpace, in a deal rumoured to be worth $20m
CEO Owen Van Natta said in a conference call that the News Corp.-owned social network has agreed to purchase the social music site, following rumors.
Sources say iLike's dependence on Facebook is partially to blame for music service's small valuation. Is this a warning for third-party platform developers?
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Famous for its popular Facebook app, iLike is making a foray into music downloads and will offer tunes from all four big record companies.
The concert app scans your iPhone's library to find what artists you listen to and lets you know when they're in town. No word on a rumored music store, though.
The Facebook mainstay wants to stop sending 50 million users to other sites to buy music, sources said, and is close to striking deals with three top labels.
The social music site plans to unleash a number of new syndication features for artists, from an iPhone app creator to YouTube integration.
The company name remains the same, but its Facebook app's moniker now reflects, well, the focus of the service.