Huffpost Media

MySpace Buying iLike For Just $13.5 Million

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In fact, only $13.5 million will be paid upfront in cash, with about $8 million of that money likely going to one of its major shareholders, Ticketmaster Entertainment (TKTM), due to its preferred shares.

Another $6 million has been promised by MySpace in forward payments to retain some key employees--including iLike Co-founders and twin brothers Ali and Hadi Partovi.

Read the whole story at AllThingsD