CBS Buys Last.fm For $280 Million

While early rumors had Viacom preparing to purchase UK-based internet radio site Last.fm for $450 million, it looks like the CBS corporation has snatched up last.fm for the bargain price of $280 million. (If you’re scratching your head, yes, CBS used to be part of Viacom, but the two split up last year).

Please CBS, do not screw Last.fm up. It’s one of the few web services I actually use on a regular basis. I have discovered so much new music through it, it’s an invaluable tool as far as I am concerned. Congrats to the new millionaires ;-)

Source: Download Squad