Source:CenterNetworks
Best Buy has announced plans to acquire Napster today for $121 million in cash. From the release, the proposed acquisition includes Napster’s approximately 700,000 digital entertainment subscribers, its Web-based customer service platform, and innovative mobile capabilities. In conjunction with the definitive merger agreement, Napster CEO Chris Gorog and key members of senior management of Napster have entered into employment agreements, effective at closing, pursuant to which they have agreed to continue as the Napster leadership post-acquisition.
Napster, which recently launched one of the world’s largest MP3 stores, had fiscal 2008 revenue of $127.5 million, an increase of 15 percent over the prior fiscal year; a loss of $16.5 million, an improvement compared with a loss of $36.8 million the prior fiscal year; and positive cash flow for the fiscal year ended March 31, 2008.
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Source:CenterNetworks
comScore has released their latest m:metrics report showing mobile search usage in the U.S. and several countries in Europe. Nearly 10% of mobile subscribers in the U.S. completed a mobile search and the total mobile search usage is up 68% in the U.S. In Europe where mobile usage is further along, usage is up 38%.
For all of the countries in the chart below, Google leads usage of mobile search. In the U.S., 63% of mobile searches use Google while 34% use Yahoo. In Germany, 85% use Google and in France 62% use Google. Spain and France were the only countries that had near 10% MSN search usage.
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This entry was posted
on Monday, September 15th, 2008 at 7:34 am and is filed under google, yahoo, mobile, Quick News, analytics, comScore, reporting, metrics.
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