Napster CEO Chris Gorog seems to be among the most accomplished escapists in the game, with the shock announcement today that US retail giant, BestBuy, has agreed to buy the loss-making music service for $121 million ($2.65 per share).
The transaction has been approved by Napster's board and is expected to close during the fourth quarter. The proposed acquisition includes Napster’s approx. 700 thousand digital entertainment subscribers, its Web-based customer service platform, and innovative mobile capabilities.
Napster CEO
