Is the air getting fresher with news of acquisitions and more improvements? We have had Firefox doing great in Germany, Google coming out with Goggles and now MySpace surfaces with the completion of its acquisition of iMeem. The two had been busy with the acquisition talks, etc for quite some time until today when MySpace bagged the online music service for $1 Million in cash.
While MySpace has definitely paid some price to acquire it, the benefits it will reap will be great. The major being the shift of iMeem’s 16 Million a month users to MySpace, which is in dire straits to grab any and every possible visitor out there to keep itself stable. While it is good for MySpace, things wont be too pleasant for iMeem’s employees. The key players in the workforce; Founder Dalton Caldwell, COO Aly Aydat, CTO Brian Berg and VP of sales David Wade will look over the transfer, with their primarily role being of consultants to ensure a smooth transition.
Things weren’t looking all that good either for iMeem and we were a bit skeptical after reports of it laying off 25% of its staff. We had said so then that it might very well sell itself to the highest bidder, which it has not. However, I would still be interested in knowing why exactly was this done.
