Conchobair was one of several users letting us know that Myspace has snapped up free music streaming site imeem. Visitors to the imeem site are being sent to a MySpace redirect page, which states that they are "working to migrate your imeem playlist to MySpace Music." Currently there is no way to access imeem music or playlists or to make use of imeem apps on Android or iPhone. The AP reports that the deal was done for less than $1M — not bad for 16M subscribers — noting that the music startup was running out of cash. PC Mag notes: "Last week it was announced that Apple had purchased Lala, and now MySpace snaps up imeem. Are Pandora and Rhapsody next?"