
Lala bought by Apple, streaming iTunes Store around the bend?
Filed under: Apple Corporate , iTunes , Apple , Music Earlier today, Greg Sandoval at CNET reported that Apple was in talks to buy out music-streaming service Lala ; his piece suggested that these talks were in advanced stages, and a deal could happen at any time — Apple just needed to sign on the dotted line. As of this evening, Sandoval’s rumor is looking a lot more like a done deal. The Wall Street Journal and the NY Times are both confirming that Apple has pulled the trigger and spent a miniscule fraction of those billions in cash on Lala. No numbers were announced, but the WSJ notes that an investment of $20 million in Lala from Warner Music Group was written down by more than 50% earlier this year. Why Lala for Apple? The AP noted …

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