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."

Comments

... and somehow, they managed to make it suck more

[Anonymous Coward]

Good work, Best Buy. That takes effort.

Re:Just a name...

[jep77]

Well it was either that or buy naming rights for a stadium. They may have made the wrong choice.

Did you hear that, Steve Jobs?

[bigtallmofo]

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.

Re:Did you hear that, Steve Jobs?

[BitterOldGUy]

and the opportunity to purchase an extended warranty on your downloads for 49.95! Protects your investment!

Nothing left to say

[Just Some Guy]

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.