Yahoo's Long And Winding Music Road
With Tuesday's $160 million purchase of Musicmatch, Yahoo sent a clear message that it is determined to be a major player in the fast-growing digital music business, despite its relatively late start.
Source: ZDNetA giant in the online radio business, Yahoo has been slow to follow Apple Computer and others into digital music sales or subscriptions. As first reported by CNET News.com, the company had been considering several different options, including building its service in-house, based on technology acquired earlier, or buying an existing service. Sources close to the situation said Yahoo had opened discussions with Musicmatch as early as February and that the start-up had pressed for nearly double Tuesday's purchase price. Yahoo executives, however, said Tuesday's deal had come together quickly, in the last few days.
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