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NEW YORK Following last week’s deals with a number of social Web sites, CBS on Wednesday acquired Last.fm, a global, community-based music network, for $280 million in cash.
With more than 15 million users in 200 countries, Last.fm facilitates a community where its users can learn, discover and share music globally.
“[Last.fm’s] demographics play perfectly to CBS’ goal to attract younger viewers and listeners across our businesses,” said Les Moonves, president and CEO of CBS. “Last.fm
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