So, which music firms will get bought in 2010?
Wednesday, January 13th, 2010
2010 is shaping up as a big year for mergers and acquisitions in the digital music space, continuing the trend seen in the latter months of 2009, when the likes of Lala, Imeem and iLike were all snapped up, for varying amounts. So which services and startups might be under new ownership this time next year? Here’s some of our predictions.
eMusic
You don’t have to be a soothsayer to suggest that eMusic may be bought in the near future – the company effectively admitted it was open to offers (i.e. shopping itself to potential buyers) just after Christmas. Boss Danny Stein told the New York Post that “We’re opportunistic stewards of capital… If an offer was made that created value for our shareholders we’d listen to it.”
