Apple's iTunes In the Cloud to be Called iCloud? (PC World)

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PC World - Apple's rumored iTunes-in-the-cloud service may be called iCloud, and the iOS maker may have paid as much as $4.5 million to acquire the new name, according to online rumors. Until recently, iCloud was the name of a free Webtop and online file storage service run by Xcerion, a company based in Linköping, Sweden. But anonymous sources have reportedly told GigaOm that Apple snapped up the domain iCloud.com from the Swedish company.

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