The board of iLike planned a meeting earlier tonight to go over a buyout offer by MySpace, several sources close to the situation said. But it was suddenly canceled because of some thorny tax implications related to the talent-retention part of the deal to purchase the social music start-up.

This does not mean the pending acquisition is in jeopardy, sources said, and it could be on track to be signed as early as today, barring any more complications.

What’s also been unclear is the actual price the social networking giant is paying for iLike, which has been reported as about $20 million. In fact, only $13.5 million will be paid in cash, with $6 million slated for forward payments to retain key talent.

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In a blog post that comes as the polar opposite of a complete surprise, Twitter co-founder Biz Stone clarified a comment he made to a U.K. magazine that sounded like Twitter might actually charge for something.

Leaving aside the delicious irony of the name “Biz”–given Twitter lack o’ business model–fear not, Web 2.0 Bubblistas!

Because Twitter remains true to its nonrevenue principles, according to Stone in a post yesterday titled “Nothing To Report Just Yet,” stressing that the start-up-de-jour microblogging service would not squeeze companies for existing services.

Here’s my translation.

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While we wait for the Microsoft board to make its decision on what to do next in relation to Yahoo, here are some lovely ripped-off videos from YouTube to keep you entertained.
BoomTown might start only writing about this takeover battle from Hell with musical accompaniment to make things seem more pleasant.
The prospect of a price [...]

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OK, we’ll admit it–we just like the steady and non-hypey persona of Aaron Patzer, whom BoomTown has officially and forever dubbed “Mint Guy.”

While he is not exactly minty fresh–in fact, the founder and CEO of Mint is much more circumspect and cool than any 26-year-old I have met recently–Patzer does stand out in a sea [...]

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