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Apple Looking to Acquire Music Streaming Service Lala?

CNET reports that Apple is in "advanced" negotiations to acquire music streaming firm Lala. The news comes from two sources who reportedly have knowledge of the discussions between the two companies.

Talks are very advanced, said the sources. One of the sources said that the sides have already agreed on terms and have only to sign a final agreement.

Steve Dowling, Apple's spokesman, said the company doesn't comment on rumors and speculation. A representative from Lala was not immediately available.

The report notes that it is unclear what Apple's plans would be for Lala, as it already holds a dominant position in the online music industry. Lala's streaming service, however, allows users to store music on the company's servers and stream it to any Web-enabled device. Such services have become more popular with consumers, and Apple may be looking to make a foray in that direction.

Lala recently partnered with Google to offer music samples in Google's search results.