Rhapsody, one of the oldest Web subscription music services, has made it official. The company has acquired Napster subscribers and other assets from Best Buy, while the electronics retailer will obtain a minority stake in Rhapsody, the companies said today. the acquisition is expected to close on November 30, the companies said in a press release. Best Buy appears to be unloading a music service that struggled prior to being acquired by the merchant and seemed only to have disappear after.
The financial terms of the deal were not fully disclosed.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.