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October 3, 2011 09:43 pm GMT
On-demand music service Rhapsody will acquire competitor Napster in an effort to expand its user base, the companies have announced. Under the terms of the agreement, Rhapsody will acquire all Napster subscribers and certain other assets. Meanwhile, Best Buy, Napster's current owner, will receive a minority stake in Rhapsody.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/MemXkioX0u0/
Rhapsody To Acquire Streaming Music Competitor Napster
On-demand music service Rhapsody will acquire competitor Napster in an effort to expand its user base, the companies have announced. Under the terms of the agreement, Rhapsody will acquire all Napster subscribers and certain other assets. Meanwhile, Best Buy, Napster's current owner, will receive a minority stake in Rhapsody.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/MemXkioX0u0/
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