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MySpace likes iLike
Not sure what to say about the iLike deal by myspace. From what I have read, they sold out for about ~$20M. Venture money sounded like about $15-16M in; not sure whether the upside went to the vcs or the founders – for the founders sake, I hope they got paid out some. But the employees should at least be safe.
In the techcrunch article on myspace and ilike, one commenter asks the $64M question (possibly more given how much $$ went in) – what does this valuation mean for Slide and RockYou? I think it torpedoes them. They should be looking to sell themselves yesterday.

May 17, 2013 at 2:10 pm
May 14, 2013 at 1:00 pm
May 10, 2013 at 4:33 pm