Myspace to buy iMeem

Myspace the large social network has bough iMeem a music social network and most of its assets for a rumored somewhere around 1 million dollars. About half of iMeems employes will be working for Myspace the other half will be "let go." The one question is will their service live on or will it fade into nothingness like it was thought Myspace was turning into and FreindFeed is showing the first signs of doing. Well, according to sources thats up to the record labels. As far as we know none of the deals with the record labels are being terminated and Myspace intends to push iMeem on so it will still stay live and busy.