MySpace officially has acquired social music discovery service iLike, confirming rumors that have been swirling for days. The deal brings the entire iLike team, including founders Ali and Hadi Partovi, to the social networking service, although they will remain based in Seattle. Financial details of the agreement were not disclosed.

Sources close to both companies say that the deal was more about acquiring iLike's development team than its music service. Before MySpace CEO Owen Van Natta came onboard, the company was losing talent in software and product development. iLike's team meanwhile had been innovating in many areas, including new iPhone apps. But, while iLike excelled at innovation, it was not as successful at building a significant independent presence online.The deal gives the iLike team a far larger user base for its products, and gives MySpace a shot of innovative development.

At least in the short term, iLike will continue to operate as a standalone service, and the various other social networks that offer versions of the iLike service - such as MySpace rival Facebook - will continue to have access to it. It's not clear how or if that may change going forward.

The acquisition occurs separate from the MySpace Music joint venture, but Van Natta told reporters that elements of iLike's capability will find its way into the music service. He specifically pointed to iLike's discovery and recommendation features, where friends can see what music or concerts other friends on the service are listening to or attending.

This extends to iLike's concert ticket sales program with investor Ticketmaster.

"Combining our efforts there just makes us that much stronger. iLike is one of the leaders in generating ticket sales and is something MySpace Music is just starting to get into. By bringing those two efforts we should see it accelerate and I think we're going to create a better experience combined than either of us potentially would have done on our own. So expect to see some advancement in that area."

iLike earlier this year ended its relationship with Rhapsody to provide full-song streaming services on the service, but Van Natta dismissed any notion that MySpace Music would take over that role. Instead, the new CEO said the company is looking more at how it can bring iLike's capabilities into MySpace.

He was also quick to stress that this is not a music-specific deal. MySpace wants to use iLike's capabilities on other types of content like video and games.

"We believe what iLike has created is not just limited to music," Van Natta told reporters on a conference call announcing the deal. "It should extend to all of the areas important to MySpace users."