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According to The Leading Question's recent research report, as many as 65% of UK teens are streaming music on a monthly basis. Meanwhile, file-sharing has decreased significantly since the Digital Britain Report consultation to address illicit P2P file sharing. While music sharing sites have come and gone due to funding, legal issues and lack of users, here are some of the streaming sites that continue to thrive.

Venturebeat reports that Microsoft might be close to acquiring the San Francisco based semantic search engine Powerset for about $100 Million. No announcement has been made yet by either party. We contacted Microsoft, but did not get an answer beyond "Microsoft does not comment on rumors or speculation." We will update this post once we receive more information.

Rumors about Microsoft's interest in Powerset had been swirling around the Valley since last month, when Dan Farber first brought up the possibility in a post on CNet.