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iLike’s sale to MySpace, announced earlier this week merits comments on a couple of points.
First, it’s fire sale time. At roughly $20 million, this represents a new low for music-based valuations. In halcyon days, we had seen the prices climb. From Real’s $36 million acquisition of Listen.com in 2003, to Yahoo’s 2004 $160 million acquisition [...]
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Last week, Sprint announced a landmark outsourcing deal for mobile carriers, turning over its network operations to Ericsson. The headline number is $5 billion value to the deal and 6,000 Sprint employees wlll become Ericsson employees. Clearly this is a major win for Sprint, which can now focus its resources on customer acquisition, service enhancements, [...]
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