Popular music service iLike up for sale

Facebook could potentially lose a critical digital music application, as the popular iLike service is seeking a purchaser, according to MediaMemo.

While the company is actively hunting an acquirer, there’s no imminent purchaser on the horizon, the report explains. “Nothing imminent nor active discussions,” a company spokesman said.

iLike’s offering includes its eponymously named music service, the GarageBand.com new music site and numerous plug-ins the company has released for iTunes and social networks, including Facebook. iLike is hugely popular on the latter social networking service, where it is one of two firms named by the network as part of its ‘Great Apps’ scheme.

The company has received over $16 million in funding. Facebook is currently in talks with iLike and others in order to embed music streaming at a deeper level into the network, in order to combat MySpace.

Facebook reportedly recently failed in its acquisition attempt to purchase popular service, Twitter.

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