Breaking: TicketMaster Invests Millions into iLike
I’ve never scooped anything—or even almost scooped anything. And this may not qualify either but the notion of it got my adrenaline flowing for 4 or 5 seconds so I bit the blog and went for it.
I’ve often considered TicketMaster to be my archetype for the perfect, quiet, never-investigated monopoly. Well, it appears that TicketMaster may be just an hour or so away from offloading $13.3 million of its hard-earned fee profits into iLike for 25% of the company.
iLike is an iTunes plug-in that offers up music suggestions based on your personal tastes. According to Techcrunch.com and others, the worry seems to be that TicketMaster would help the suggestion process along by adding “buy tickets now” buttons to the product interface.
For more on what little is known about the transaction thus far, check out Techcrunch.com.
