Apple has acquired streaming music service Lala, reports Cnet News citing Apple spokesman Steve Dowling. Dowling did not disclose the terms of the deal or what the company intends to do with the four-year-old Lala. The company scans users' hard drives and creates a duplicate music library that owners can access from web-enabled devices. The company also sells songs for USD 0.10 each. Cnet News earlier reported that Apple was close to finalising the sale and that one of the reasons Apple was interested in acquiring Lala is to obtain some of the company's payment and fulfilment systems, which a source with knowledge of the talks said could save Apple money. However, it is unclear whether Apple may also be planning to launch some kind of streaming-music or so-called cloud storage feature. All Things Digital reported that Lala was acquired for a sum that meant a loss for its investors.
