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Napster to be Acquired by Rhapsody

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One of the oldest internet subscription music services on the web, Rhapsody, has finally, and officially, acquired Napster subscribers as well as a host of other assets from Best Buy. However, Best Buy will retain a minority stake in Rhapsody according to a joint statement from both companies. The acquisition is expected to close on November 30 according to the companies. Best Buy is unloading a music service that really struggled before being acquired by Rhapsody and seemingly disappeared afterwards. Financial terms of the deal have not officially been released though it does not appear that Best Buy's investment in Napster has paid off. The electronics retailer acquired a revamped version of Napster back in 2008 which allowed the company to officially enter into the online music sector. Napster started off as the pioneer file-sharing service back in the day. The service allowed users to share songs with each other via the internet. However, lawsuits filed by multiple recording co