First Wallstrip and now Last.fm, CBS certainly has an eye for relatively obscure web properties. In the latest in acquisitions news, CBS has put down 280 Million dollars for UK based Last.fm.

What is Last.fm

Think of Last.fm as an online version of MTV without anyone named Aerobi or Endoscope spinning the tunes. By listening to the iTunes or Media Player songs that you stream, they compile a list of songs that you might also like and connect you with users that share your musical tastes.

A Word From The Team

For everyone who is afraid that the Last.fm that you know and love is about to be disappear into a citadel of corporate obscurity, the team has a couple of things to say.

  • The Last.fm team stays put in London, we’ll grow the company some more here.
  • We will continue to execute our world domination plans – our focus is still music and the surrounding ecosystem. The founders (myself included) are still at the helm.
  • We have more resources at our disposal now, and more clout when it comes to negotiating licensing deals etc.
  • OH NOES UR SELLIN MY SCROBBLES!!1!! — Don’t panic. The openness of our platform and our approach to privacy won’t change.

Web 2.0 Roundup

The open question is, what is CBS doing? Honestly, I’m not sure anymore but I am certain that a coherant online strategy is one step closer to completion.