Acquisition Rumors Surround iLike; Ticketmaster Possible

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Facebook favorite iLike is now searching for suitors, according to a tip published Monday by the Wall Street Journal.

The application is an important place for bands and fans alike, both on Facebook and other networking spots like Bebo.  Among the potential buyers is Ticketmaster, which already controls 25 percent of the company, though the prospect of a high-dollar sale seems remote in the current environment.  In the case of Ticketmaster, shares have never been lower, leaving less liquidity for a purchase.

In a similar light, operational costs and modest revenues could be motivating the acquisition pursuit.  “Delivering free music on the web has so far proven to be a high-cost, low-revenue endeavor, and that’s a difficult path to choose in this environment,” All Things Digital blogger Peter Kafka wrote.  Other potential buyers include RealNetworks and Bob Pittman’s Pilot Group, according to the report.