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Why shut down Lala if there’s no chance of launching an iTunes.com? Because cloud-based media storage and retrieval is central to Apple’s long-term strategy, and Lala is central to implementing that… Read more »

Lala land. Apple confirmed Sunday that it has acquired cloud-based music streaming service Lala. No price was disclosed, but talks between the companies reportedly began after Lala’s founders concluded their prospects… Read more »