This morning Vivendi Universal announced that they will buy mp3.com. Both panchebe and MPr0x used our newssubmit to tell us that. Universal will pay $372 million for the online mp3 distributing site.
 MP3.com, which operates a music download Web site and a series of other music services, represents one possible springboard for the distribution of music over the Internet for Vivendi Universal, which owns the world's largest record company, Universal Music Group. |
Major record companies have been looking for a way to replace the embattled Napster song swapping service, with services of their own. Vivendi said MP3.com could become an integral part of the Duet music subscription service it plans to launch this summer with Sony Music Entertainment.
If you can't beat them, buy them However nice move from Vivendi.
Source: Yahoo
