Best Buy gets approval to buy Napster
October 2nd, 2008 Leave a comment Visited 43 times, 1 so far today
Best Buy gets approval to buy Napster
US based retailing giant Best Buy has said that they have now received antitrust approval to acquire digital media store Napster.
This has been confirmed by the US Federal Trade Commission.
Best Buy is a major seller of CDs but has a limited presence in the growing digital media market.
They aim to fill this vacuum through this acquisition. Napster might not be a market leader but it’s a pretty well known brand.
The digital media market is dominated by Apple iTunes.
Best Buy is acquiring Napster for $121. The deal was announced last month.
Best Buy, Digital Media, Digital Media Stores, Federal Trade Commission, FTC, Napster, USA
Sarita Sharma
Category: News
|
TechWhack on Facebook
|
This website uses IntenseDebate comments, but they are not currently loaded because either your browser doesn't support JavaScript, or they didn't load fast enough.