For those of you wandering if Napster still exists Best Buy has the perfect answer. Best Buy acquired Napster for $121 million.
Best Buy is going to pay $67 in cash while the rest will be paid by Q4 of this year. Why 67 mil in cash?
Moving on then, Best Buy is going to get Napster’s 700,000 digital entertainment subscribers which is not to bad. Best Buy’s president Brian Dunn said he wants to use “Napster’s capabilities and digital subscriber base to reach new customers with an enhanced experience for exploring and selecting music and other digital entertainment products over an increasing array of devices.”
via mobilewhack.com
