Apple Paid $80 Million For Music Site LaLa

Apple’s acquired music streaming site LaLa for $80 million, Peter Kafka reports citing multiple sources.

That means LaLa’s backers who’ve poured in $35 million over the life of the company got a little something out the investment. The price was was higher than initially thought, partially because LaLa has $10 million in the bank, says Kafka

Read the whole report →

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.