Rhapsody Agrees to Acquire Napster
Rhapsody today announced that it has agreed to acquire Napster for an undisclosed sum. Under the terms of the agreement, Rhapsody will acquire all of Napster's subscribers and other assets. Best Buy, current owner of Napster, will gain a small stake in Rhapsody. The companies didn't immediately announce plans specific to their mobile strategies, but Rhapsody has been a long-time partner of Verizon Wireless, and comes bundled on select Verizon handsets. Rhapsody also makes software for Android, BlackBerry, iOS, and Windows Phone devices.
Apple to Acquire Digital Mag Company Texture
Apple today said it has agreed to acquire Texture, a digital magazine subscription service, for an undisclosed sum. According to Apple, Texture powers the digital experience of some 200 magazines on mobile devices.
Google Refreshes Its Chromecast Products for TVs and Stereos
Google today announced two new Chromecast products meant to help improve the living room experience. The Chromecast 2 TV dongle uses HDMI to plug into television sets and includes dual-band 802.11ac WiFi for improved performance with the local wireless network.
BlackBerry to Acquire AtHoc
BlackBerry today said it has agreed to acquire AtHoc for an undisclosed sum. AtHoc provides secure crisis communications for businesses so they can push critical data in real-time during business- or life-threatening events.
Verizon and Hearst to Acquire Complex for Mobile Content
Verizon Communications and Hearst have agreed to acquire Complex, a media organization founded by Mark Ecko that creates content for young adult audiences. Under the terms of the agreement, Verizon and Hearst will each own 50% of Complex through a joint venture.
Sony to Buy Toshiba's Camera Sensor Business
Sony has agreed to acquire Toshiba's camera sensor business for $155 million. Under the terms of the deal, Sony and its subsidiary, Sony Semiconductor Corporation, will acquire a fabrication facility, equipment, 1,100 employees, and other assets associated with Toshiba's 300mm wafer production facility in Oita, Japan.
Oh how the mighty Napster has fallen!