11
04
2008
As expected, Imeem bails out Snocap by acquiring it
Posted by: admin in Social Media and Tech
Social-media site Imeem, which focuses on ad-supported music and video playlists, announced Monday that it has acquired Snocap, the music-licensing company founded by Napster creator Shawn Fanning. Financial terms were not disclosed.
Reports of the acquisition had first surfaced in February.
The deal is all about Snocap’s technology, as …
