Best Buy Purchases Napster for $121 Million
Best Buy is reportedly keeping Napster's Los Angeles staff and CEO Chris Gorog as well. The last time Best Buy made a major investment into the music business, it didn't go so well. "Its $700 million purchase of Musicland/Sam Goody stores in 2000, timed just as the music retail business began an 8-year-slide," the Silicon Alley Insider reported. But how well are digital music subscription services doing?