Friday, November 14, 2003
CNET to Buy MP3.com
CNET announced it has signed an agreement with Vivendi Universal Net USA to purchase music download site MP3.com.
The news was made public through the MP3.com forum and member email.
After 2 December, all content will be deleted from MP3.com servers and all previously submitted tapes, CD-ROMs and other media will be destroyed.
In a CNET story, representatives said the company aims to augment its position as a provider of interactive content through the acquisition, with plans to enter the online music market through MP3.com. However, a company representative said the revamped site would not compete with music download services such as Napster. Instead, the company plans to turn MP3.com into a source of information for digital music.
The news was made public through the MP3.com forum and member email.
After 2 December, all content will be deleted from MP3.com servers and all previously submitted tapes, CD-ROMs and other media will be destroyed.
In a CNET story, representatives said the company aims to augment its position as a provider of interactive content through the acquisition, with plans to enter the online music market through MP3.com. However, a company representative said the revamped site would not compete with music download services such as Napster. Instead, the company plans to turn MP3.com into a source of information for digital music.
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