Yahoo to buy Musicmatch for $160 million

Wobbel · 09-14-2004, 11:05 AM

Yahoo said Tuesday that it is acquiring digital music specialist Musicmatch for $160 million in cash. The Sunnyvale, Calif.-based company said the buyout would help it expand its presence in the simmering online music space, where Apple Computer's iTunes service has proven the segment's potential by selling over 125 million songs, typically at 99 cents apiece.

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09-14-2004, 11:05 AM	#1 (permalink)
Wobbel PCTT's Gatherer Join Date: Mar 2003 Location: 2004 Posts: 2,861	Yahoo to buy Musicmatch for $160 million Yahoo said Tuesday that it is acquiring digital music specialist Musicmatch for $160 million in cash. The Sunnyvale, Calif.-based company said the buyout would help it expand its presence in the simmering online music space, where Apple Computer's iTunes service has proven the segment's potential by selling over 125 million songs, typically at 99 cents apiece. Read article

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