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Best Buy eyes Apple, Microsoft with Napster purchase

Ars: Rumors have been circulating for some time that Napster, which has been losing money for years, had placed itself on the market in the hope of attracting a buyer. Today, electronics retailer Best Buy announced that it would buy Napster for a total of $121 million, a significant premium over the company's value based on either stock price or assets. Napster had hoped to trade on its brand recognition in any sale and it appears to have succeeded: Best Buy put a $54 million value on the name.

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arstechnica.com
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Raoh3262d ago

bad move...............

this is why the economy is so screwed all these bad purchases...

tetsuhana3261d ago (Edited 3261d ago )

N4G article confuses me, others with awkward title.