Did you think MySpace had bought Imeem months ago? Think again. It announced its intention to do so, but the deal only completed yesterday. TechCrunch says the delay was due to the discovery that some of the assets that MySpace thought were part of the deal – servers – were only leased. It claims the final price is less than the $1 million previously reported. With the deal finalised, MySpace lost no time in closing the Imeem website and redirecting all traffic to MySpace Music – although users’ playlists didn’t make the transition. It has also shut down the Imeem API, which was being used by a number of external sites. Source: TechCrunch Source: CNET

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