Best Buy Extends Online Reach with Napster Buy

Another Move into Networking

Electronics retailer Best Buy (BBY) made another move into networking this week with news that it plans to buy online music outfit Napster for $121 million.

Whether the retailer can make a successful go of it with online music in a market in which Apple Inc.’s iTunes reigns is a big question mark.

But the deal, which follows the retailer’s purchases of on-call IT service outfit Geek Squad and network service provider Speakeasy, does demonstrate once again that Best Buy is thinking strategically about how its business relates to what’s happening online.

Source:

CNET:  Best Buy nabs Napster for $121 million

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