Best Buy Coughs Up $54 Million For Napster

Posted by ScuttleMonkey on Monday September 15, 2008 @04:29AM from the so-i-heard-you-got-robbed dept.

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."

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Re:I looked by DanZ23 · 2008-09-15 05:19 · Score: 0, Troll

Most are indeed $.99, with a lot of singles priced at $.89. And the majority of the albums are $5-$9. And everything is DRM free. Plus, there are almost 30 free songs this week linked to from this week's mp3 newsletter.
If this is too expensive for you, then I'd recommend getting a job.