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Viacom about to buy Last.fm? Not for $450 million

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Published February 23, 2007 at 1:24 PM

DealBreaker is reporting that Viacom is in talks to purchase Last.fm for $450 million. I gave Last.fm an overall VC Rating of 8 back in May so I think the company has a bright future. But, I, nor should anyone else, like it this much.

Neither side is talking. I don't doubt Viacom's interest in Index Ventures-backed Last.fm. But, I think the "music business source familar with the negotiations" that DealBreaker attributed the $450 million figure to, added one too many zeros in their report.

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