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September 17, 2013 05:44 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/MCfrH4z111A/
Faced With Fierce Competition, Rhapsody Takes Significant Investment From Columbus Nova
Rhapsody International today announced that it would be taking a "significant", yet undisclosed, investment from Columbus Nova Technology Partners and Rhapsody president Jon Irwin will step down. Moreover, the company will be restructuring, which will "affect 15 percent of the Rhapsody staff" resulting in around 30 lay-offs.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/MCfrH4z111A/
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