by John Roberts
Rhapsody, the nation’s largest premium on-demand music service, today announced that it has signed an agreement with Napster, a unit of consumer electronics retailer Best Buy. Under the terms of the agreement, Rhapsody will acquire Napster subscribers and certain other assets, and Best Buy will receive a minority stake in Rhapsody. The transaction is expected to close on or around November 30, 2011.
Filed under: General technology, Media, Music, Services, Best Buy, consumer electronics retailer, distribution deals, homeister, http://technology-headlines.com, immersive, ip portfolio, John Roberts, minority stake, music experience, music fans, music market, music service, Napster, profitable business, Rhapsody, senior vice president, social features, subscriber base, substantial value, sustainably, technology headlines, Technology Market, today announced that
