What ever the rumors were about MySpace’s acquisition of iLike, they have turned out to be true as MySpace confirmed the acquisition. Its CEO, Owen Van Natta stated that after acquisition, iLike will serve a bigger purpose instead of being limited to music and would expand to all categories of entertainment. What do those categories include remains undisclosed. It will be interesting to see how fruitful is this acquisition for both parties involved. But the timing of this acquisition (is definitely a coincidence), following Facebook’s acquisition of FriendFeed puts a question; was this just to compete with the other and show that there is a continuous expansion among the competitors.
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[...] acquired FriendFeed and MySpace reciprocated with the acquisition of iLike and I though we were even. But Facebook isn’t happy and the social networking giant has its eyes [...]