Apple May Have Snapped Up

What will be the name of Apple’s cloud-based music service? No one knows. However, a tipster of mine says that it might be iCloud. Why? Because the Cupertino-based computing giant is rumored to be a likely buyer of the domain

Until recently, was a domain name and a storage-as-a-cloud service owned by Linkoping, Sweden-based desktop-as-a-service company, Xcerion. Xcerion’s iCloud service has just been rebranded to CloudMe, and the company acquired the domain on April 5, 2011.

My source, who is familiar with the company, says that Xcerion has sold the domain to Apple for about $4.5 million. Xcerion hasn’t responded to my queries as yet. At the time of writing, the Whois database showed Xcerion as the owner of iCloud.

According to reports, Apple is building a cloud-based service and is in touch with large record labels as it plans for a service to compete with Amazon’s (s amzn) Cloud Locker. Of course, Apple might have acquired the name as an option and it could use it to build a whole different offering called iCloud.

Updated: Today, John Paczkowski has confirmed after talking to sources that Apple bought the domain though no clarity on the price. The way his piece reads – it is confirmation from Apple PR.