Rhapsody set to acquire Napster from Best Buy

Rhapsody would merge Napster with their own digital media store platform today.

The deal was revealed last month when Rhapsody announced that they were acquiring Napster from Best Buy.

Rhapsody set to acquire Napster from Best Buy

Through this deal, Rhapsody would get a whole range of new customers. Best Buy in return gets a stake in the company. Exact financial details were not revealed to the media.

Rhapsody offers subscription based music service. They serve around 800,000 subscribers but have been overshadowed by Spotify in the US market.

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