M&A Deal Summary

Napster Acquires Napster

On January 5, 2021, Napster acquired digital media company Napster from Rhapsody Networks for 71M USD

Acquisition Highlights
  • This is Napster’s 1st transaction in the Digital Media sector.
  • This is Napster’s largest (disclosed) transaction.
  • This is Napster’s 2nd transaction in the United States.
  • This is Napster’s 1st transaction in California.

M&A Deal Summary
Date 2021-01-05
Target Napster
Sector Digital Media
Buyer(s) Napster
Sellers(s) Rhapsody Networks
Deal Type Divestiture
Deal Value 71M USD

Target

Napster

Los Angeles, California, United States
website
Napster is an online streaming music service. Napster, the pioneer of digital music, offers the ultimate in interactive music experiences, creating better ways to discover, share, acquire and enjoy music -- anytime, anywhere. Napster was founded in 1999 and is based in Los Angeles, California.

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Buyer(S) 1

Buyer

Napster

London, United Kingdom

website

Category Company
Founded 2005
Sector Media
Employees78
Revenue 115M USD (2018)
DESCRIPTION

Melodyvr Group PLC is a creator of live virtual reality music experiences under MelodyVR and Napster music platforms. Melodyvr Group was founded in 2005 and is based in London, United Kingdom.

DEAL STATS #
Overall 2 of 2
Sector (Digital Media) 1 of 1
Type (Divestiture) 2 of 2
State (California) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-24 Rhapsody International

Seattle, Washington, United States

Rhapsody International Inc. provides on-demand streaming music services to monthly subscribers unlimited access to a massive library of digital music. Rhapsody International was founded in 2007 and is based in Seattle, Washington.

Buy $70M

Seller(S) 1

SELLER

Rhapsody Networks

Fremont, California, United States
Category Company
Founded 2000
Sector Technology Hardware
DESCRIPTION

Rhapsody Networks Inc. develops multiprotocol switches that can run network-based storage applications such as storage virtualization.

DEAL STATS #
Overall 1 of 1
Sector (Digital Media) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-03 Napster

Los Angeles, California, United States

Napster is an online streaming music service. Napster, the pioneer of digital music, offers the ultimate in interactive music experiences, creating better ways to discover, share, acquire and enjoy music -- anytime, anywhere. Napster was founded in 1999 and is based in Los Angeles, California.

Buy -
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