Exit watch, week of Aug. 24, 2009

Small return for iLike acquisition


announced last week it is buying the social music service iLike. Terms of the deal were not disclosed, but MySpace reportedly paid $20 million, according to some press reports. Seattle-based iLike raised about $16.5 million in venture funding from TicketMaster, which invested $13.3 million, former AOL President and CEO Bob Pittman and Khosla Ventures, which invested $2.5 million. The company claims it has more 50 million registered users and is the dominant music application on Facebook. It also offers an iPhone application along with plug-ins for iTunes and Windows Media Player. Rumors have spread for months over the possible acquisition of iLike. TechCrunch reported that Facebook and Amazon made offers for iLike. —Deborah Gage

Fluke buys AirMagnet

Fluke Networks has agreed to acquire AirMagnet, a Sunnyvale, Calif.-based provider of wireless LAN administration and diagnostic tools. No financial terms were disclosed. AirMagnet has raised about $4 million in VC funding from iD Ventures America, Intel Capital and VenGlobal Capital.

Travelocity trips for TravelGuru

Travelocity Global

has acquired TravelGuru, an Indian online travel portal. No financial terms were disclosed. TravelGuru had raised $25 million in venture capital funding from Battery Ventures and Sequoia Capital India.