Napster Buys AOL Music: What Is This Company Doing?
Posted by Digg on January 14th, 2007
Napster announced the acquisition of AOL Music’s subscription service. They’ll add 350,000 new subscribers, get promotion on AOL, and pay just $15 million in cash. It’s not a bad deal, except it adds more unprofitable customers to the struggling company, and the company’s war chest just got significantly lighter.