larryni.me.uk

Not sure yet how I feel about this bit of news:

Social music site Last.fm has been bought by US media giant CBS Corporation for $280m (£140m), the largest-ever UK Web 2.0 acquisition.

There had been rumours for some time that a media giant was going to buy last.fm. But it was Viacom as far as I remember, so this comes as a bit of a surprise.

The good news is that:

As part of the deal, Last.fm’s managing team will remain in place and the site will maintain its own separate identity.

Mr Stiksel said: “This move will really support us to get every track ever recorded and every music video ever made onto Last.fm.

“With a strong partner like CBS, this is now within our reach.”

I really hope that they will let the last.fm team get on with things and not meddle too much.