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More => Old Versions => Media Center 12 (Development Ended) => Topic started by: JimH on May 30, 2007, 01:25:02 pm

Title: CBS Buys Last.fm
Post by: JimH on May 30, 2007, 01:25:02 pm

Last.fm purchased by CBS for $280 million.

http://news.zdnet.com/2100-9588_22-6187471.html

and a blog entry:
http://blog.last.fm/2007/05/30/lastfm-acquired-by-cbs

Title: Re: CBS Buys Last.fm
Post by: maxxsid on May 30, 2007, 01:42:55 pm

I started using meedio - it got bought out next day. just started using fm - now it's bought.. hope cbs won't kill it..

Title: Re: CBS Buys Last.fm
Post by: runemail on May 30, 2007, 05:00:15 pm

I don't think cbs will kill last.fm, not shure what they can offer exept cash. But they are not giving away $280 million for sure..
Last.fm needs to make some heavy deals to grow and evolve, they still have a great potential, this should give them muscles.
 
With this deal the RIAA and their lawyers will smell the cash and come hunting for it. They are as usual the biggest threat. In their crusade to kill internet radio (or radio that doesnt suck), Last.fm could be next.

Title: Re: CBS Buys Last.fm
Post by: KingSparta on May 30, 2007, 06:10:59 pm

I really don't think last.fm was worth that much.

And YouTube for what was it?

reminds me of the .com craze

Title: Re: CBS Buys Last.fm
Post by: JimH on May 30, 2007, 06:14:13 pm

Quote from: KingSparta on May 30, 2007, 06:10:59 pm

I really don't think last.fm was worth that much.

And YouTube for what was it?

$1.6 B.  And there are probably some future costs to pay for the legal problems.

I'm thinking your right wing is worth about 1.4 (give or take).