Tuesday, December 8, 2009

MySpace Completes Imeem Deal

Los Angeles-based MySpace said Tuesday that it has closed its acquisition of social media site imeem. The firm did not disclose any further financial details related to the acquisition. Owen Van Natta, the firm's CEO, said it would use the acquisition to bolster MySpace Music, and also said, effective today, that the firm would redirect Imeem's users to MySpace Music.