Rhapsody To Acquire Napster From Best Buy

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Rhapsody has announced that it has signed an agreement with Napster, a unit of consumer electronics retailer Best Buy (who knew?). Under the terms of the agreement, Rhapsody will acquire Napster subscribers and certain other assets, and Best Buy will receive a minority stake in Rhapsody. The transaction is expected to close on or around November 30, 2011.

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The transaction will combine the subscriber bases of the two largest premium on-demand music services in the United States, and will allow Rhapsody to further enhance its product line to deliver even more value to its members.

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Lorenzo Winfrey

Lorenzo Winfrey

Editor-In-Chief at ZoKnowsGaming
I am the Co-Ceo of DLT Digital Media. We are a company that is focused on developing new and innovative web properties in addition to developing WordPress based web sites for others. But before I was all that, I was a gamer.
Lorenzo Winfrey