Social networking service Imeem has made its first acquisition, a small one in online social music service Anywhere.FM. Terms of the deal were not disclosed. The San Francisco-based Imeem has also been heavily focused on music as part of its community, and this adds to its service: Anywhere.FM’s browser-based music player enables consumers to upload their music collections and listen and share them (and playlists) from any browser. The three-person music site was launched last year and backed by Y Combinator.

SEE ALSO: Universal Music in Streaming Deal With Imeem; Will Earn Revenue On Either Ads Or Plays

Imeem recently did a streaming deal with Universal Music Group..it has a deal with all four majors. We have heard rumors on and off about Imeem being an acquisition target, though nothing seems imminent for now.

Robert adds: imeem biz dev VP Steve Jang, in Cannes for Midem, told me it’s a Google-style acquisition - bringing in engineering talent (founders Sachin Rekhi, Anson Tsai and Luxiou Chen join other employees in taking equity). Anywhere.fm will be left “as-is” but enhanced with imeem’s content licenses and own talent; “we’ll see” about merging user accounts. On ad-funded free music counterparts: “I want everyone that’s trying to do it to succeed, and then we’ll compete in the open market later.” Jang claims 65,000 new users daily and is aiming to add concert tickets, DVDs, merchandising and ringtones to imeem’s current social media lineup.