In a move that's likely to solidify MySpace's lead in the online music community, the online social network will be acquiring iLike for around $20 million dollars, sources say. Facebook, MySpace's less lecherous but creepier younger sibling, is likely to have some air let out of its sails, as it has now officially lost its music baby.
iLike hosts nearly 10 million Facebook users each month and, along with Last.fm, was MySpace Music's biggest competitor.
