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CBS pays pounds 142m for music site Last.fm.
CBS Corporation, the US broadcasting group, has acquired the UK-based social networking website Last.fm for pounds 142 million.
The move ends months of speculation over the future of Last.fm, which allows people to listen to music based on the recommendations of other users. It launched five years ago and now has 15 million registered users across 200 countries.
Les Moonves, the CBS chief executive, said: 'Last.fm is one of the most well-established, ...
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