MySpace says it has acquired “certain assets” of cash-poor social music service imeem and it’s moving fast to capitalize on the biggest one: users. Sometime today, imeem’s 16 million-plus users will be redirected to MySpace Music. MySpace CEO Owen Van Natta promises via blog post to move fast to offer…

Imeem may have connected with an audience, but it never got its happy ending.  The once-promising startup was bloodied by lawsuits, lopsided licensing deals, and an underperforming ad-supported model.  Now, MySpace Music is plucking the remains at fire-sale valuations, and investors are walking away with mere lint. But, for much…

Updated: Yesterday, one source familiar with the situation said it could take weeks to wind up a deal for MySpace to pick up Imeem; today, there’s a letter of agreement, as TechCrunch first reported and paidContent has confirmed. It calls for about $1 million in cash, although I’m told the…

As this is being written, negotiations between MySpace Music and social music startup Imeem are still underway with issues including how much staff would make the move (possibly engineering and sales), whether cofounder and CEO Dalton Caldwell would come along a la iLike’s Partovi brothers—now execs with MySpace, possible earnouts…

MySpace may follow its acquisition of iLike with streaming music service Imeem to its music roster. TechCrunch, citing multiple unidentified sources, reports that the companies are in late-stage negotiations, price unknown. Whatever it is, it wouldn’t be the exit Imeem Cofounder and CEO Dalton Caldwell and investors hoped for when…

Music-focused social networking site Imeem has raised about $2.4 million recently, and is looking to raise about $4 million more, according to a recent SEC filing about the money raised. It is not clear from the filing who it raised more money from, and the company refused to comment or…

Imeem has had a good run the last several weeks, landing some new funding and winning better licensing terms from record labels. But how much will this change the music-streaming site’s near-term prospects? Probably not as much as you may think. Even with lower payments per stream, imeem may well…

Online music-focused social network Imeem is on the block, according to our sources, and has hired investment banker Montgomery and Co. to lead the sale. Coincidentally, we have also learned that the company is announcing some layoffs internally today—as much as 25 percent of its around 80-strong workforce. These layoffs…

Imeem, the music-based social net, has taken an unspecified follow-on investment from Sequoia Capital, according to Tech Confidential. Details are scant, and it’s not known whether past backer Morgenthaler Ventures is also involved. The Palo Alto-based company recently acquired Snocap, the digital music start-up founded by Shawn Fanning. Last year,…

As had been rumored for a while, music-based social networking service Imeem has finally bought the assets of trouble digital music services firm Snocap. Terms of the deal were not disclosed. This deal brings in content identification technology and a digital registry for Imeem, besides the team. This will help…

Social net imeem joins the oh-so-crowded platform party with tonight’s launch of the imeem Media Platform. The platform includes a familiar list of goodies to encourage third-party developers to create site-specific apps—web services API, client libraries with access to key features like the media player, the social graph, search, playlists…

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…

MTV Networks (NYSE: VIA) continues to expand its online syndication by adding five online video sites to its portal and social network partners: Dailymotion, GoFish (OTCBB: GOFH), iMeem, MeeVee and Veoh. The Viacom unit will provide both clips and long-form content from 10 cable and broadband networks including Comedy Central,…

Correction: The Wall Street Journal has issued a correction on this story and we are as well. The original WSJ article referenced below did not specify the payment structure, leaving the impression that Universal Music Group’s revenue share would come from both advertising and streams. Imeem explains that the deal…