Best Buy buys Napster for $121 million

Best Buy has finally revealed what it is doing with all those “extended warranties” they get you to purchase. The retail giant has purchased online music store, Napster for $121 million dollars. It is unclear why the brick and mortar retailer wants the firm which has lagged behind both Apple’s iTunes and Amazon’s MP3 store entry. Even MySpace has expressed intent to join the fray.

The folks at TechCrunch were even more critical, concluding: “Best Buy just wasted $121 million.”
Source Best Buy has finally revealed what it is doing with all those “extended warranties” they get you to purchase. The retail giant has purchased online music store, Napster for $121 million dollars. It is unclear why the brick and mortar retailer wants the firm which has lagged behind both Apple’s iTunes and Amazon’s MP3 store entry. Even MySpace has expressed intent to join the fray.

The folks at TechCrunch were even more critical, concluding: “Best Buy just wasted $121 million.”
Source

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