CBS Corporation has bought UK-based social-networking music website Last.fm for $280m (£140m), writes Netimperative. Last.fm currently has over 15m active users and helps users to find and connect with other people with similar tastes in music. Users can also build custom-made "radio stations" and view music clips online. The firm's management team, including founders Felix [...]

CBS Corporation has bought UK-based social-networking music website Last.fm for $280m (£140m), writes Netimperative. Last.fm currently has over 15m active users and helps users to find and connect with other people with similar tastes in music. Users can also build custom-made "radio stations" and view music clips online. The firm's management team, including founders Felix Miller, Martin Stiksel and Richard Jones will continue to run the site which will retain an independent identity from CBS. CBS is the largest radio group in the US with 179 stations.
From Netimperative: http://www.netimperative.com, 30/05/2007
Last.fm: http://www.last.fm,