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In recent times we saw two big deals happenings as MySpace picked up iLike and Imeem at fire-sale prices. And now Apple has acquired online music service Lala according to report confirmed by Bloomberg, and New York Times. Lala streaming-music site sells songs for 10 cents apiece and enables users to store their music libraries on the company’s servers. But it has gone through multiple iterations and was once known as a CD-swapping service before it began streaming music to users’ PCs. What’s unclear is exactly what Apple has bought among these services.

According to nytimes –

In the most recent sign that Apple is looking at alternative ways for people to store and play their digital music, the company has agreed to buy Lala, a four-year-old start-up based in Palo Alto, Calif., a person with knowledge of the deal said Friday.

Right now, Apple is the largest music store online or offline and has made more money than any other music service by selling downloads. CEO Steve Jobs could have plans to start a streaming service, but my sources told me Friday that Apple managers are very interested in working with Lala’s engineers, who have come up with “a payment and fulfillment system that could save Apple millions of dollars a year.

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