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Rhapsody announces plans to acquire Napster

Engadget - Details are fairly light at the moment, but Rhapsody has just announced that it plans to acquire Napster, and that the deal is expected to be complete as soon as the end of November. In a statement, Rhapsody president Jon Irwin said that the deal "will further extend Rhapsody's lead over our competitors in the growing on-demand music market," and that "this is a 'go big or go home' business, so our focus is on sustainably growing the company."

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