Posted in music on October 4, 2011

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"Just a few years ago, Napster was acquired by Best Buy for a massive $121 million. Now it seems Best Buy is ready to off-load the music service, as on-demand music provider Rhapsody has just sent out a release informing the press of its intentions to acquire Napster.

Details of the acquisition are thin on the ground but the deal is expected to close at the end of November. When it does, Rhapsody will acquire Napster subscribers and certain other assets while Best Buy will receive a minority stake in Rhapsody.

"This deal will further extend Rhapsody's lead over our competitors in the growing on-demand music market," said Jon Irwin, president, Rhapsody. "There's substantial value in bringing Napster's subscribers and robust IP portfolio to Rhapsody as we execute on our strategy to expand our business via direct acquisition of members and distribution deals."" [Tom's Guide]

Nostalgic for Napster's glory days.

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Tags: Napster, Rhapsody

Comments (10)

meet the new boss ....

Posted by Anonymous | October 4, 2011 9:47 AM

A fitting acquisition, since Audiogalaxy was fifty times better than Napster in their respective heydays.

Posted by Anonymous | October 4, 2011 9:53 AM

who and who ?

Posted by Anonymous | October 4, 2011 10:09 AM

Napster still exists?

Posted by Anonymous | October 4, 2011 10:12 AM

both of these companies are completely irrelevant. they should just kill each other.

a few months and spotify will buy them both out for a terribly small amount of money

Posted by Anonymous | October 4, 2011 10:25 AM

Who uses either of these companies? Seriously, I don't know anybody that does and I have a reasonable amount of friends.

Posted by Anonymous | October 4, 2011 10:27 AM

feh. who cares? who the fuck uses napster? BV, you are dangerously close to jumping the shark.

Posted by Anonymous | October 4, 2011 10:53 AM

10:27, you don't know anybody WHO does.

I am glad you have lots of friends, but your grammar certainly isn't one of your attributes.

Posted by Anonymous | October 4, 2011 11:24 AM

Did BV get bought out by a corporate entity? Some of these recent pieces seem out of place: Napster, iPhone, Pink Floyd. Is this Brooklyn Vegan or Rolling Stone?

Posted by Anonymous | October 4, 2011 1:32 PM

1:32 - get off your high horse!

Posted by Anonymous | October 4, 2011 2:07 PM

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