MySpace Buys Imeem for $1 Million + Earnouts

MySpace Buys Imeem for $1 Million + Earnouts(mediamemo.allthingsd.com)

2 points by CSunday 16 years ago | 1 comment

mahmud 16 years ago |

$1M? Nice, that's about 12 weeks of cushion for everyone involved, enough time for them to look for work.

"As Om Malik reported, the company was hit with a copyright lawsuit by music publisher Orchard Enterprises (ORCD). Fighting the suit or settling it would require significant resources."

Yep, MySpace kicks and gets them while they're down.

mahmud 16 years ago |

$1M? Nice, that's about 12 weeks of cushion for everyone involved, enough time for them to look for work.

"As Om Malik reported, the company was hit with a copyright lawsuit by music publisher Orchard Enterprises (ORCD). Fighting the suit or settling it would require significant resources."

Yep, MySpace kicks and gets them while they're down.