Best Buy has agreed to purchase Napster Inc. for $121 million, which values Napster at $2.65 per share. Like many of us, you might be wondering why Best Buy wants the once relevant Napster. According to Best Buy, they intend to use Napster’s assets to reach new customers with an enhanced experience for exploring and selecting music as well as other digital entertainment products over an increasing number of devices. Um, okay. Best Buy doesn’t have any plans to relocate Napster’s headquarters in Los Angeles yet, and they have no plans to make significant changes in personnel. I guess they just felt like shopping.

[Appleinsider]