Sometimes you have to apply the smell test to what your sources are telling you, and the rumors we're hearing about Apple's purchase of music service LaLa are definitely smelling a little off. $80 million for LaLa ? That isn't what we're hearing. LaLa was purchased for $17 million by Apple, according to our sources with indirect knowledge of the deal. And the company supposedly had $14 million in cash in the bank, meaning the actual purchase price was really $3 million. That's in line with recent competitive sales like iLike ($20 million) and iMeem ($1 million) . LaLa had plenty of cash in the bank, but they were burning $500k/month, say our sources. There's just no reason Apple would pay $80 million for the company. We also believe that LaLa was acquired mostly for the star engineering team and the awesome recent Google deal more than for the product. iTunes in the cloud isn't something we should hold our breath for. $3 million for top-of Google mus...
Know You,Know Me! The World is Ours,You need Know it!