Divestiture • Internet Software and Services

Napster Acquires MusicNow

On January 12, 2007, Napster acquired internet software and services company MusicNow from AOL

Acquisition Context
  • This is Napster’s 1st transaction in the Internet Software and Services sector.
  • This is Napster’s 1st transaction in the United States.
  • This is Napster’s 1st transaction in Illinois.

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M&A Deal Summary

Date January 12, 2007
Target MusicNow
Sector Internet Software and Services
Buyer(s) Napster
Sellers(s) AOL
Deal Type Divestiture

Target Company

MusicNow

Chicago, Illinois, United States
MusicNow LLC provides me digital audio platform to retailers, artists, and Internet publishers that want to sell digital music through the Internet.
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Buyer Overview 1

Buyer

Napster

Los Angeles, California, United States

Category Company
Founded 1999
Sector Digital Media
DESCRIPTION

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.


Deal Context for Buyer #
Overall 1 of 1
Sector: Internet Software and Services 1 of 1
Type: Divestiture 1 of 1
State: Illinois 1 of 1
Country: United States 1 of 1
Year: 2007 1 of 1

Seller Profile 1

SELLER

AOL

New York, New York, United States

Category Company
Founded 1985
Sector Internet Software and Services
Revenue 2.3B USD (2013)
DESCRIPTION
AOL office in Palo Alto, California.
AOL office in Palo Alto, California.

AOL is a media technology company that produces, distributes, and monetizes by connecting publishers with advertisers on its global, programmatic content and advertising platforms. AOL was formed in 1985 and is based in New York, New York.


Deal Context for Seller #
Overall 1 of 11
Sector: Internet Software and Services 1 of 4
Type: Divestiture 1 of 6
State: Illinois 1 of 1
Country: United States 1 of 11
Year: 2007 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-06 The Relegence

New York, New York, United States

The Relegence Corporation is a real-time financial services news engine, providing market and business intelligence to global buy-side and sell-side institutions. Relegence's automated infrastructure uniquely aggregates relevant structured and unstructured information from internal resources and external research, including blogs, Web sites, email and over 20,000 other global information services in multiple languages. In addition to Relegence's cutting-edge technology, it has created the world's largest business-focused news pipeline delivering customized live content to users in real-time to any communications device.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-15 Third Screen Media

Boston, Massachusetts, United States

Third Screen Media, is a mobile advertising network and mobile ad-serving and management platform provider.

Buy -