MySpace has announced an agreement to acquire iLike, a social music discovery service.

“The iLike acquisition advances our relentless pursuit of innovation and the need to create new distributed social experiences in music and beyond,” said Owen Van Natta, chief executive officer of MySpace.

Brothers Ali and Hadi Partovi founded iLike in 2006. The iLike team will stay intact including, CEO Ali Partovi, president Hadi Partovi, and CTO Nat Brown.

Prior to iLike, Ali Partovi founded and sold LinkExchange to Microsoft and Hadi Partovi independently co-founded and sold TellMe Networks, also to Microsoft. Hadi Partovi also incubated Start.com (now Live.com).

“MySpace’s strengths have been a long-time source of inspiration for iLike,” said Hadi Partovi, president of iLike.

iLike will remain headquartered in Seattle.

Financial terms of the acquisition were not released.

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About Rakesh Raman

Have extensive editorial, content management, and integrated communications experience and have worked as a senior tech journalist, analyst, and columnist with different newspapers, magazines, and Web/online properties in India.

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