M&A Deal Summary

Napster Acquires Rhapsody International

On August 24, 2020, Napster acquired internet software and services company Rhapsody International from RealNetworks for 70M USD

Acquisition Highlights
  • This is Napster’s 1st transaction in the Internet Software and Services sector.
  • This is Napster’s 2nd largest (disclosed) transaction.
  • This is Napster’s 1st transaction in the United States.
  • This is Napster’s 1st transaction in Washington.

M&A Deal Summary
Date 2020-08-24
Target Rhapsody International
Sector Internet Software and Services
Buyer(s) Napster
Sellers(s) RealNetworks
Deal Type Divestiture
Deal Value 70M USD

Target

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.

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Buyer(S) 1

Buyer

Napster

London, United Kingdom
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 1 of 2
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 2
State (Washington) 1 of 1
Country (United States) 1 of 2
Year (2020) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 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 $71M

Seller(S) 1

SELLER

RealNetworks

Seattle, Washington, United States
Category Company
Founded 1994
Sector Software
Revenue 58M USD (2021)
DESCRIPTION
RealNetworks' corporate headquarters in Seattle, Washington.
RealNetworks' corporate headquarters in Seattle, Washington.

RealNetworks is a provider of Internet streaming media delivery software and services. RealNetworks delivers digital entertainment to consumers directly and indirectly through business relationships with mobile operators and other businesses around the world. RealNetworks was established in 1994 and is based in Seattle, Washington.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-28 Muzicall

London, United Kingdom

Muzicall Ltd. is a ringback tone service provider for mobile carriers and media company.

Buy -
Mergr

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