Best Buy snaps up Napster
Interesting. Best Buy is getting way deeper into the subscription/user services business, by buying Napster and its 700k paying members. Purchase price: $127M. At a minimum of $13/mo/user, they stand to make that money back in less than 2 years. Of course, being Best Buy, they’ll be able to promote Napster to a huge audience as well as bundle it with other hardware they sell in store.