Slashdot Mirror
Best Buy Coughs Up $54 Million For Napster
MarketWatch reports that Best Buy has decided to toss $54 million into an acquisition of Napster. All told, the deal amounts to around $121 million, with about $67 million headed towards getting cash and short-term investments from Napster's balance sheet. "The deal will give Best Buy an online digital music retail outlet as well as a subscription streaming service that has about 700,000 subscribers. That could help Best Buy to compete against retail giant Wal-Mart, which has its own online digital music offering."
Good work, Best Buy. That takes effort.
That's a lot of Monster Cable money your bosses just threw away. Betcha they didn't buy a warranty, either.
Well it was either that or buy naming rights for a stadium. They may have made the wrong choice.
In your face, Steve Jobs!! You and your lame iTunes store are screwed now!
Expect all kinds of innovation from this combined entity... Like 98.9 cent downloads. Store name that ends in "ster". More.
I'm a big tall mofo.
You know, I tried hard to think of something funny here. There's just not a punch line you can add to this.
To paraphrase Hank Hill, this acquisition is the feces that is produced when shame eats too much stupidity.
Dewey, what part of this looks like authorities should be involved?
Is for Best Buy to hire Larz to pimp Napster. Best Buy goes down the tubes like AOL/Time Warner. Larz goes bankrupt. And Shawn Fanning buys Napster for a dollar.
...downloaded it for free
Suckers!!!!
"We live in a global world" - Harvey Pitt, former Securities and Exchange Commission Chairman