“Internet company Yahoo says it will buy privately held music software company Musicmatch for about US$160 million in a bid to bolster its online music services. San Diego-based Musicmatch offers software that lets users manage digital music collections and listen to online radio stations. Customers also download songs from its music store,” Reuters reports.
“Boosted by sales of popular digital music players like Apple Computer’s iPod, the online music market is expected to grow sharply, and companies like RealNetworks and Microsoft and Apple are battling to offer more songs and software to users,” Reuters reports. “The deal is expected to close in the fourth quarter, the companies said.”
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