CBS buys online music site Last.fm
By Kate Holton and Kenneth Li
LONDON/NEW YORK (Reuters) - CBS Corp. said on Wednesday it bought Last.fm, the online music service that allows fans with similar tastes to connect, for $280 million in a bid to attract young audiences.
The London-based service has more than 15 million active users in over 200 countries, CBS said, and has earned praise for a system that recommends songs by tracking users' music-playing habits and linking them to other fans with similar tastes.
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Wednesday, May 30, 2007
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