Best Buy Acquired Napster for Just $121 Million

By Chris - 09/15/2008 8:37:38 PM


For those of you wandering if Napster still exists Best Buy has the perfect answer. Best Buy acquired Napster for $121 million. What do you think about that Metallica?

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.” OK then, you go ahead and you have your fun with Napster! Beware though, Metallica might be watching!

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Tags: BestBuy, entertainment, music, Napster



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