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Apple acquires Lala

Written by Andre Yoskowitz (Google+) @ 05 Dec 2009 0:58 User comments (2)

Apple acquires Lala Apple has confirmed that it will be purchasing music streaming service Lala although financial details have not been released as of yet.
Lala had been struggling and the CEO recently announced that prospects of turning a profit in the near future were slim to none. Lala has an 8 million deep song library and allows users to stream unlimited for 10 cents a track or purchase the track for $0.79.

The new purchase will allow for Apple to add full-length streaming to iTunes instead of the current 30-second clips and could even lead to a streaming radio service for the platform.

Lala and similar service iLike currently partner with Google to allow for quick discovery of music via the search engine.

Apple has $31.1 billion in cash and likely could purchase Lala for under $500 million.

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2 user comments

17.12.2009 17:23

$31.1 billion in cash? Come on Daddy Apple, please loan some of your customers. The economy is really hurtin' LOL

211.12.2009 9:38

Originally posted by F4ntastic:
$31.1 billion in cash? Come on Daddy Apple, please loan some of your customers. The economy is really hurtin' LOL
The 5th gen iPod nano didn't have a price markup and they took $100 off of the price between 10.5 and 10.6...

if you don't like my joke; buy a zune. Then the whole world will be laughing at you :D

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