Apple confirms purchase of music site Lala.com

Dec 07, 2009
FILE - In this Oct. 19, 2009 file photo, the Apple logo is seen on an Apple store in San Francisco. Apple Inc. has purchased online music retailer Lala.com, a Silicon Valley startup that has threatened "the end of the MP3" with its fast song-streaming application. (AP Photo/Russel A. Daniels, File)

(AP) -- Apple Inc. has purchased online music retailer Lala.com, a Silicon Valley startup that has threatened "the end of the MP3" with its fast song-streaming application.

Apple spokesman Steve Dowling confirmed the purchase Sunday, but would not provide any further information, including how much the deal was worth.

"Apple buys smaller technology companies from time to time and we generally do not comment on our purpose or plans," he said.

Lala has developed an application - not yet available to the public - that allows users to buy the right to stream songs from a digital locker for an unlimited time on their iPhones for 10 cents each.

The song quality is lower than what Apple's iTunes songs offer, but tracks can played in seconds, and cost much less than the songs on iTunes, which generally are priced at 69 cents to $1.29 each.

Lala, a private company based in Palo Alto, Calif., was launched in 2006 with $35 million in venture capital from Bain Capital LLC, Ignition Partners and Warner Group Corp. Lala began as an online CD-trading site but relaunched in October 2008 as a .

©2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Explore further: Tesla loss widens as it ramps up expansion plan

add to favorites email to friend print save as pdf

Related Stories

Apple in talks to buy Lala.com

Dec 05, 2009

(AP) -- Apple Inc. is in advanced talks to buy online music retailer Lala.com, a Silicon Valley startup that has threatened "the end of the MP3" with its fast song-streaming application.

Like Apple, Amazon, Wal-Mart change music prices

Apr 08, 2009

(AP) -- Apple's iTunes Store isn't the only one that has adjusted prices for its digital song downloads recently: Changes are showing up at Amazon's and Wal-Mart's online music stores, too.

Google puts songs a click away in search

Oct 28, 2009

(AP) -- A new music feature rolled out by Google Inc. Wednesday will bring its U.S. searchers one click away from listening to a full-length song.

Recommended for you

Tesla loss widens as it ramps up expansion plan

21 minutes ago

US electric automaker Tesla Motors reported Thursday a widening loss in the past quarter amid record revenues as it ramped up plans for a giant battery plant for future vehicles.

Android grabs 85% of smartphone market

14 hours ago

Smartphones powered by the Android operating system captured 85 percent of the worldwide market in the second quarter, threatening to marginalize rival platforms, a new survey shows.

Chinese man brings gay conversion therapy lawsuit

19 hours ago

(AP)—A gay Chinese man said Thursday he was suing a psychological clinic for carrying out electric shocks intended to turn him straight, as well as the search engine giant Baidu for advertising the center.

User comments : 0