Humble, Texas (MuseWire) – It’s official! As rumored this past week, MySpace has entered into an agreement to acquire iLike. The folks at iLike, founders Ali and Hadi Partovi, have sent all registered users the following update:

We’re sure you have a ton of questions, most importantly: How will this affect me or the artist/band I manage? First off, you can count on business as usual: The iLike Artist Dashboard, website and apps will continue to operate as always – except that they’re going to get even better in the weeks and months to come.

Our friends at MySpace share our commitment to helping fans discover your content and connect with you online. Together we hope to make our social music discovery platform even more powerful. Most artists manage their online artist presence via a MySpace page and separately via the iLike Artist dashboard. These two dashboards give you access to fans across all the biggest social networks. It’s an obvious opportunity for us to integrate these services to give you easier technology and access to more fans. We expect to announce some cool new features and integrations in the future.

And that’s not the only big iLike development in the last few days. iLike is now enabling music fans who discover and share your music on iLike.com to purchase songs and albums (in MP3 format) in-page directly from us.

Our download service provides a smooth, immediate in-page purchase experience. Fans can sign up, enter their credit card, and download music without ever leaving the page they discovered your music on. We think the speed and convenience of our service will spur music sales.

We’re delighted to be selling music from all the major labels and hundreds of indie labels through our partnership with MediaNet. We’ve heard loud and clear from lots of independent artists who want to find ways to sell their music directly. We have nothing to announce about this yet, but your feedback has been heard, just give us some time.

Our MP3 download service is currently in Beta, meaning that it’s an early preview, we’ll improve it rapidly as we get feedback from fans and artists. We’ll also make it available on iLike’s applications on leading social networks. Our goal over time is to offer music fans the ability to impulse buy in-page from wherever they are.

Change is exciting, but we know it can also cause anxiety – even when the developments are good. We’ll continue to update you when there is anything new or noteworthy to share. We value your ongoing support and we welcome your feedback.

Sincerely, Ali & Hadi Partovi, co-founders, iLike.