Web Music Service iLike On The Block
Kafka: My sources couldn’t tell me what sale price iLike is hoping to get. It has raised about $16 million in two years. Most of that came from Ticketmaster (TKTM), which has now split off from Barry Diller’s IAC (IACI) and trades as standalone company. ...
Ticketmaster’s existing ownership makes it an obvious buyer. The company also has a relationship with RealNetworks (RNWK), which began powering a free music service for iLike this summer. And while I don’t have confirmation that the two companies have actually talked, the third very obvious buyer would be Facebook, which is responsible for the company’s success to date.
Would iLike take Facebook's inflated stock in a deal? Twitter wasn't willing to.
yes TKTM is a likely buyer... but of the assets in bankruptcy court
used to be companies would acquire stuff like this to avoid embarrassment (over silly investment). but those days are gone. to explain an acquisition would be far more difficult and embarassing, i think, then writing off a venture investment (which everyone expects is happening all over the place every day)
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