Yahoo buys Musicmatch for US$160 million

Yahoo will acquire the digital music software and services provider Musicmatch in a cash deal valued at US$160 million, the companies announced Tuesday.

Musicmatch, based in San Diego, features a streaming music subscription service, On Demand, and last September launched its own music download service, Musicmatch Downloads. The company, founded in 1997, also offers the Windows software that ships with Apple Computer's iPod music player, as well as Musicmatch Jukebox software, for users to play, burn onto CD, download and organize a digital music collection.

Yahoo, based in California, said it is committed to fashioning itself as a "major player in digital music" and that the Musicmatch acquisition will allow the company to extend its music service from 12.9 million listeners to an estimated 23 million listeners, based in large part on the numbers for Musicmatch's online radio network. Musicmatch also claims to have over 225,000 subscribers to its music services.

Yahoo added that it plans to offer several product innovations and new initiatives by the end of this year as it continues to expand its digital music business, though it did not offer any details.

Representatives from Yahoo and Musicmatch could not immediately be reached for comment.

Along with Apple, Musicmatch competes against several similar services offered by Napster and RealNetworks' Rhapsody.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Laura Rohde

IDG News Service
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Kurt Hegetschweiler

Brother PocketJet PJ-773 A4 Portable Thermal Printer

It’s perfect for mobile workers. Just take it out — it’s small enough to sit anywhere — turn it on, load a sheet of paper, and start printing.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?