underpop

http://underpop.online.fr 2001-08-30  
Herald Sun: Vivendi buys MP3 [ 30aug01 ] FRENCH media giant Vivendi Universal has purchased US-based music website MP3.com in a deal valued at more than $US370 million ($698.77 million) in stocks and cash.



MP3.com allows users to download songs from the internet onto CDs and listen to them on any computer.

In a joint statement issued in Paris and New York, Vivendi said shareholders of MP3.com had overwhelmingly approved the deal at an extraordinary meeting.



Vivendi president Jean-Marie Messier said: "The acquisition of MP3.com is a very important step in our strategy to create a distribution platform, and at the same time to acquire a state-of-the-art technology."



He added that the purchase was essential for the company to realise its "objective to become the primary supplier of on-line music and related services".



MP3 is the main format used by Napster, Gnutella, and other song exchange sites.

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postado por mikhail  # 8/30/2001 03:10:00 PM