Tag archive: Brian Dunn

Consumer electronics retailer Best Buy has struck a deal to acquire online music service Napster in a transaction totaling some $121 million. The transaction has Best Buy paying $2.65 per share of Napster—just about double the company's closing stock price last week; as part of the deal, Best Buy also get about $67 million in short term investments and cash held by Napster, making Best Buy's net cost about $54 million. The… Read More

The week is barely started, and already it's proving to be a bad one for the HD DVD high-definition video camp. First leading mail-order video rental firm Netflix announces it will no longer be adding HD DVD titles to its collection, letting HD DVD titles stay available until end-of-life but only adding new Blu-ray discs. Now, leading consumer electronics retailer Best Buy says it will showcase and recommend Blu-ray products beginning… Read More