Apparently Myspace, the once social media king, is taking steps to acquire social music service iLike. TechCrunch has stated that “we’ve confirmed with multiple sources,” that the story is legit. It is rumored that the price is floating around $20 million.
Since its launch in 2006 iLike has grown in popularity, and it currently has 50 million registered users. Part of the reason for its popularity is its integration with Facebook, which made it one of the most popular early apps for the social media site. iLike is known for its music tracking service which will let you manage your music as well as recommend new music based on your criteria.
The acquiring of iLike certainly has potential to cause some shake ups. The reason being is because of the close relationship between the music service and Facebook. The third party app is heavily ingrained into the social media site. Nearly 10 million Facebook users currently use it.
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