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Best Buy Acquires Napster

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2008-09-15 14:18:38 by Adam Ostrow in Mashable!
Napster, the original peer-to-peer music sharing network that has since transformed itself into a legal subscription service, is being acquired by Best Buy. The electronics retailing giant will be paying $121 million to buy Napster a more than 85% premium to where Napsters beleaguered shares were trading as of Friday Although Napster was able to...
 
Tags: napster, napster launches, napster loses cfo, napster investor settles, foresee napster, legal subscription service, subscription service, service, business
 
 
 
 
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DRM-Free Store? Who Cares? Napster Still Screwed (NAPS)

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2008-05-20 13:31:00 by Peter Kafka in Silicon Alley Insider
...Napster is now selling 6 million DRM-free tracks for 99 cents each. What's it like if you try to buy one? Glenn "Coolfer" Peoples visits the Napster store, and doesn't seem likely to come back First impressions are important, and the web version of the store -- which is available to non-subscribers -- did not make a good first impression...
 
Tags: drm, store, drm-free store, drm-free, million drm-free tracks, napster store, current store, actual store, napster
 
 
 
 
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6 million DRM-free MP3s now at Napster

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2008-05-20 04:01:00 by Jasmine France in Webware.com
...Napster Probably the most exciting piece of digital music news to come out of CES 2008 was that Napster was planning on offering its complete catalog of more than 6 million tracks in the unprotected MP3 format. Today, with the launch of version 4.5 of the software and store, that announcement becomes a reality. Although digital music stores...
 
Tags: digital music news, news, music, napster, digital music, entire napster library, library, music cell phone, mp3 store
 
 
 
 
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Best Buy acquires Napster- The Pioneer of Digital Music

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2008-09-16 08:10:05 by Asma Kaleem in Startup Meme
...Napster for $121 million. Being the pioneer of digital music, Napster has recently launched one of the worlds largest MP3 stores with a positive fiscal year closing with a revenue of $127.5 million The two companies are merging together under a definite agreement according to which Best Buy will pay Napster $2.65 per share in cash that makes...
 
Tags: napster, music, digital music, napster company profile, company, music subscriptions, considers napster, capabilities, digital media capabilities
 
 
 
 
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Napster Half-Heartedly For Sale, Yet Again

2008-08-29 11:56:00 by Peter Kafka in Silicon Alley Insider
 
Napster has hung out a sale sign. Again. Two problems: It doesn't seem very serious about it, and no one buyers seem interested, either Two years ago, the music subscription service announced that it had hired UBS to shake the trees , but nothing ever came of it. Conventional wisdom in the music business: CEO Chris Gorog was never serious about...
 
Tags: napster, napster shareholders plan, napster stockholders, music subscription company, ubs investment bank, company, investment, ubs, news business model
 
 
 
 
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Sold! Best Buy Swallows Napster For $121 Million (BBY)

2008-09-15 09:02:00 by Peter Kafka in Silicon Alley Insider
 
...Napster (NAPS), after all. He's selling the company to Best Buy (BBY) for $121 million. That's $2.65 per share, which works out to be $54 million net of cash The good news for Napster shareholders is that Best Buy is paying twice Friday's closing price. The bad news, for anyone who's held the stock for any length of time: A year ago NAPS was...
 
Tags: napster, napster half-heartedly, million, napster shareholders, napster shareholders plan, million purchase, million net, news business model, news
 
 
 
 
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Napster Goes DRM-Free

2008-05-21 16:05:16 by Cheryl in gHacks technology news
 
...Napster . What am I referring to? DRM-free music of course Everyone whos ever experienced music with DRM knows just how frustrating things can get. You buy a great new song and then realize you are bound by really dumb restrictions. That too on something you paid good money for. Still, the DRM wall is collapsing slowly but surely thanks to...
 
Tags: online music store, store, music, music retailer, music player, drm-free music, drm, online music market, music stores
 
 
 
 
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TUAW Review: Napster MP3 store

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2008-05-22 13:00:00 by Mat Lu in The Unofficial Apple Weblog (TUAW)
...Napster has now rolled out the world's largest DRM-free MP3 store. In the spirit of the Amazon MP3 review we ran last year, I thought I would take Napster for a spin to see how the service works from a Mac-user's perspective The first thing to note is that this is a download service. While Napster continues to run its subscription-based...
 
Tags: napster, napster mp3 store, napster store, napster continues, napster experience, service, tuaw review, download service, amazon mp3 review
 
 
 
 
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Best Buy to Acquire Napster for $121 Million

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2008-09-15 07:22:26 by Allen Stern in CenterNetworks
...Napster today for $121 million in cash. From the release, the proposed acquisition includes Napster s approximately 700,000 digital entertainment subscribers, its Web-based customer service platform, and innovative mobile capabilities. In conjunction with the definitive merger agreement, Napster CEO Chris Gorog and key members of senior...
 
Tags: napster, acquire napster, million, acquisition includes napster, prior fiscal, fiscal, napster leadership, positive cash flow, cash