Links ARCHIVE: FOOL.com - Yahoo Buys MusicMatch In Cash

music players, videos, iPod, Apple, download music,

Published on September 15, 2004 By joeKnowledge In Music

SOURCE: FOOL.com

Yahoo! Tunes In to Musicmatch

By Dave Marino-Nachison
September 15, 2004

Close watchers of the online music business no doubt noted yesterday's announcement of Yahoo!'s (Nasdaq: YHOO) purchase of Musicmatch with interest. The portal giant, according to a press release, agreed to buy the digital jukebox player company for $160 million in cash. The deal, though it doesn't necessarily upset the apple cart in the sector, is certainly an interesting one.

In Musicmatch, Yahoo! gets several things, among them an online radio network that lets listeners tune into streaming songs as well as stations free of charge; an online store with some 700,000 songs and prices comparable to Apple's (Nasdaq: AAPL) iTunes; and Musicmatch On Demand, a subscription-based streaming music service.

Those three components, when combined with Yahoo!'s own Launch website -- with content that includes songs, videos, radio, and the written word, plus shopping (of course)...

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