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| VIEW EVENT INFORMATION: Napster |
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Best Buy Puzzles With Napster Acquisition |
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About the organization Napster:
Type: Business
Sub-Types: Website, Computer, Computer Software, File Hosting Agent, File Sharing Agent, Peer-to-Peer |
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Notable Organizations: Napster, Techcrunch
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| Best Buy announced today that it has acquired Napster for $121 million in cash. The company said that it will keep Napster’s executive team and will leave the Napster service and its estimated 700,000 users in place without changing much in the near-term.
During the 2008 fiscal year ending March 31, Napster had revenue of $127.5 million, and a loss of $16.5 million. The loss was an… |
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