Apple Acquires Lala.com
Apple has acquired Palo Alto, Calif.-based online music retailer Lala.com for an undisclosed amount. Lala has developed an unreleased application which would allow iPhone users to purchase the ability to stream songs from a digital locker on an unlimited basis for 10 cents each. Lala was launched in 2006 as an online CD-trading site and relaunched in 2008 as a digital music retailer. (12/7)