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NAPS
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Best Buy to acquire Napster for $121 million
-09/16/08 at 4:16 AM
CDTby Mahyar Hashemi
The electronics retailer says the acquisition
will allow it to expand its delivery of digital content. By
Michelle Quinn, Los Angeles Times Staff Writer September 16, 2008
SAN FRANCISCO -- Ending its long search for a corporate parent,
Napster Inc. said Monday that it had agreed to be acquired by
electronics retailer Best Buy Co. for $121 million.The purc...
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NAPS
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Napster faces proxy fight with 3 investors
-08/30/08 at 2:31 AM
CDTby Mahyar Hashemi
The shareholders, seeking board seats, want the
digital music service to turn around its stock slump or pursue a
sale. Napster Inc. has struggled to catch the ear of enough
customers. Now the company is out of tune with some of its big
shareholders.With its stock trading at $1.34 and subscribers
leaving its digital music service, the Los Angeles company i...
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