MySpace is starting an online music service with three major record companies, a bid by the popular social networking site to boost traffic and make a dent in Apple's iTunes business.
By SHIRA OVIDE
News Corp.'s MySpace announced an online music service with three major record companies in a bid to bolster the world's most popular social-networking site and dent Apple Inc.'s dominant position in digital music.
bid
1 an offer of a particular amount of money for something which is for sale:
I made a bid of $150 for the painting.
She made/put in a bid of £69 000 for the flat, which was accepted.
2 an offer to do something when you are competing with other people to do it:
[+ to infinitive] Sydney made a successful bid to host the Olympic Games.
I gave the job to the contractors who made/gave the lowest bid (= who offered to do the work for the lowest amount of money).
3 an attempt to achieve or obtain something:
Her bid for re-election was unsuccessful.
The company has managed to fight off a hostile takeover bid (= an attempt by another company to take control of it).
The government has reduced the cost of borrowing in a bid to get the economy moving again.
make/put a dent in sth
to reduce an amount of money:
The holiday made a big dent in our savings.
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