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Best Buy enters the business de digital music with the purchase de the Napster vestibule
The company de distribution de electronic products, Best Buy, has acquired the well-known vestibule de digital music Napster by about 120 million dollars, that goes def in stock market more de a 80%.
According to the American retailer has informed, Best Buy will pay about 2.95 dollars by action by Napster, which supposes to increase a 95% its value in the market at the cost de closing de past Friday.
With this investment, the North American company/signature acquires a channel de music sale online and other products that will allow him “to improve their presence in the digital space”, according to have informed the same Best Buy. In addition, another one de the objectives that it looks for with this purchase is the direct competition with main American retailer Wal-Mart, that already counts on a similar service, and with the vestibule de Apple, iTunes.
In addition, the American company/signature is addition that the operation will allow “to construct new relations with our clients” and the obtaining de a service de subscription that maintains around 700,000 users.
The operation already is approved by the directives de both companies, although it will not be until the fourth trimester when it is closed de definitive way. However, Best Buy already acquired a participation evaluated in 10 million dollars de the electronic vestibule at the end de year 2004.
Napster
Napster was the first great pioneer in the interchange de musical archives (mp3) by means de networks P2P in Internet at the beginning de the 21st century, but the problems with the record industry condemned the vestibule to reconvert their business a service de payment.
At the moment, the investors urge to Napster that revalues a 86.02% in stock market, until the 2.53 dollars. Nevertheless, Best Buy loses 0.34%, until the 44.34 dollars.
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