Viacom Still Buying Last.fm for $450 Million

 By 
Pete Cashmore
 on 
Viacom Still Buying Last.fm for $450 Million
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Some murmuring in the UK this this week says that Viacom is continuing its negotiations to buy Last.fm for approximately $450 million - a huge sum, but partly justified by the fact that Last.fm is really the "YouTube of music" these days.

The royalty rate hike for online radio stations in the US, which is now being countered by a bill that aims to overturn it, doesn't seem to have affected the purchase price.

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