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Yahoo! agrees to buy MusicMatch for $160M

updated 11:30 am EDT, Tue September 14, 2004

Yahoo! buys MusicMatch

Yahoo! today announced that it has in a deal that will practically double its reach in the fast-growing online music business, according to TheStreet.com Yahoo! "will pay $160 million in cash for the closely held San Diego-based provider of personalized music software and services. The deal signals Yahoo!'s decision to go toe-to-toe with big music players like Apple and RealNetworks as the digital music industry expands. 'Yahoo! is committed to being a major player in digital music,' said CEO Terry Semel. 'This combination bolsters our strategy to capture the largest audience of consumers as they make the shift to digital music...This acquisition is one of several product innovations and new initiatives in which Yahoo! will invest to build our music portfolio this year and in the future.'"




by MacNN Staff

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  1. history1me

    Joined:

    0

    RealN

    RealNetworks sucks the prevervial tool

  1. Okonomiyaki

    Joined: Dec 1969

    0

    Proverbial

    Am I the only one who thinks "digital music" is a stupid term for this topic? Consumers have been purchasing digitally encoded music for 20 years!

  1. marzetta7

    Joined: Dec 1969

    0

    Big Players...REAL?

    Real Networks a big digital music player? NOT!!! Last time I checked they were as relevant in the digital music arena as the Kerry campaign is in this year's election...good enough for me to p*** ON!

  1. dashiel

    Joined: Dec 1969

    0

    well marzetta

    perhaps you should check again, real networks has been the clear number 2 (no pun intended) since their 49 deal over the past month. doubling their market share. your insight in the music download industry is about as accurate as your knowledge of politics. maybe you should check that again too.

  1. koolkid1976

    Joined: Dec 1969

    0

    re: well marzetta

    "real networks has been the clear number 2 (no pun intended) since their 49 deal over the past month."

    Show me the numbers. That is, outside of a the Real press release that also claims all their 10% gain came directly from iTunes and no where else.

  1. mouseketter

    Joined: Dec 1969

    0

    re: well marzetta

    sooooo.... your saying that there is no one as number 2. That iTunes has 100% of the leagal download market.

    Somebody has to be number one. And according to everybody, includeing Apple, Real IS number 2.

    I notice you say that Real in not number two. So who do you think in number 2? Microsoft?

  1. mouseketter

    Joined: Dec 1969

    0

    Ooops correction

    Correction--
    Sombody has to be number one.
    Sombody has to be number (correction) TWO.

  1. mbryda

    Joined: Dec 1969

    0

    #2

    Buymusic.com? dull.com? Musicmatch? wallmart.com? The industry is not Apple & Real...

  1. Ratm

    Joined: Dec 1969

    0

    Yah!

    Looks like Apple's iTMS drove another music store out of business. Yahoo wont be able to do a damn thing with it either.

  1. Deal

    Joined: Dec 1969

    0

    RISKY

    This seems like a risky move. $160 million to a company that is not exactly rolling in money, to get into a market that already has clear leaders and the rest is already overly saturated.

    Take the $160million and do something new and innovative. I really think they are just blowing it.

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