Best Buy Buys Napster for $121 Million

Seems like a clear response to the iTunes Store’s rise to the top spot in the U.S. retail market. Selling music on CDs is quickly turning into a niche.

You’d think they could have built their own online store from scratch for less than $121 million, though. I think Best Buy’s been taken to the cleaners on this deal.

★ Monday, 15 September 2008