by Richard Jones , Last.fm Blog

Today, Last.fm was acquired by CBS, a company who had the first commercial radio station in the US, ran a record label (CBS Records), and amongst other things are responsible for several respected TV series (CBS on Wikipedia).The team here have spent a lot of time this year discussing what the future should hold for Last.fm, and while contemplating raising some additional venture capital we were approached by CBS. As you can imagine, we have been approached numerous times in the past few years from all the usual suspects regarding acquisitions and so on; CBS are one of the few companies who needed no explanation of what we are doing, and we were impressed at how progressive their plans are. This deal with CBS gives us a chance to really make Last.fm shine, and gives us more flexibility than other funding options would for doing all the crazy stuff we’re had scribbled on whiteboards for years.

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