CBS Acquires Europe's Last.fm for $280 million

The quickly growing music social network Last.fm has been acquired by CBS for $280 million in an all-cash deal. UK based Last.fm launched five years ago and has become a social networking favorite with 15 million active users. It has become a massive repository for music information (artist and song wikis, listening data from users, etc.). [...]

[via] TechCrunch