Windsor Star

Best Buy buys Napster for US$121 million


Best Buy Co. Inc. plans to buy digitalmus­ic service Napster Inc. for US$121 million in cash in an effort to compete with Apple’s dominant iTunes service and its iPod music players.

Best Buy, one of the largest retailers of CDs, and Napster, once the best known name in digital music, both offer digital subscripti­on services, but neither have mounted much of a challenge to Apple, which holds more than 70 per cent of the U.S. digital music market.

Napster and Best Buy are betting they have a better chance by combining rather than competing with each other.

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