Bertelsmann Buys CDNow

from the hot-off-the-presses dept

According to this report which just came out, Bertelsmann is buying CDNow. This isn’t that big of a surprise, all things considered. We all knew that CDNow was looking for a buyer. The price is about right ($117 million – $3/share) and Bertelsmann certainly makes sense as a buyer. The consolidation continues…

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