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Viacom buying last.fm?
- danw 20y agoFor some reason I cant connect to mashable today, anyone else getting this problem?
- jamiequint 20y agosame here
- danw 20y agoHeres the text of the post, caught by my RSS reader. Looks like a repeat of the rumour going round during FOWA: Some murmuring in the UK this this week says that Viacom is continuing its negotiations to buy Last.fm for approximately $450 million - a huge sum, but partly justified by the fact that Last.fm is really the ÂYouTube of music these days. The royalty rate hike for online radio stations in the US, which is now being countered by a bill that aims to overturn it, doesnÂt seem to have affected the purchase price. Based on a corroborating story from DealBreaker earlier this week, I guess we can upgrade this one from Âvague rumor to ÂpossibilityÂ. More details appreciated.