CNET buys MP3.com
First Yahoo bought Overture, then the Google/Microsoft rumors, now in a move that makes total sense, CNET has acquired MP3.com, the music download site.
Seems that a service revamp and new Apple-esque service is in the works.
According to CNET “CNET Networks, Inc. has signed a definitive agreement with VUNet USA to aquire the assets of MP3.com, Inc. The deal is scheduled to close in December. We are not at this time disclosing transaction terms.
“With this move, we are further enhancing our position as a premier global provider of interactive content. In 2004, we plan to enter the online music market, which has a very attractive demographic that is similar to our GameSpot Web site, the most highly trafficked gaming content site. We plan to launch a Web site that will be ‘the place you go to know’ about music.”
Here is the email from MP3.com to the customers:
CNET Networks, Inc announced today that it has acquired certain assets of MP3.com, Inc. Please be advised that on Tuesday, December 2, 2003 at 12:00 PM PST the MP3.com website will no longer be accessible in its current form.
CNET Networks, Inc. plans to introduce a new MP3 music service in the near future. If you would like to receive email updates on this service, including an invitation to a special members-only preview, please sign up here. MP3.com is not transferring your personal information to CNET Networks, Inc. or any other third party.
On behalf of all of us at MP3.com we thank you for your patronage and continued support. It has been a privilege to host one of the largest and most diverse collections of music in the world. MP3.com wishes to express its sincere thanks to each of you for making us your premier destination for music online.
Sincerely,
MP3.com
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