Best Buy To Buy Napster For $121 Million

Electronics retail giant Best Buy announced plans to purchase Napster for $121 million. Not much besides ownership will change over at Napster, as the company's current administration have worked out a deal ensuring the company's 140 employees will remain on board in their Los Angeles headquarters. As part of the deal, Best Buy will acquire Napster's 700,000 subscribers, its customer service and mobile capabilities. Of the $121 million, $67 million will go toward short-term investments. Best Buy offered double the company's Friday stock price, which was $2.65 a share. After today's disastrous decline on Wall Street, Best Buy might be wishing they waited a little longer to purchase the company.

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Song Stories

“Smells Like Teen Spirit”

Nirvana | 1991

"Smells Like Teen Spirit," named after a brand of deodorant marketed to girls, was Kurt Cobain's attempt to "write the ultimate pop song," he said, using the soft-loud dynamic of his favorite band, the Pixies. Cobain "had that dichotomy of punk rage and alienation," the song’s producer, Butch Vig, told Rolling Stone, "but also this vulnerable pop sensibility. In 'Teen Spirit,' a lot of that vulnerability is in the tone of his voice." Sadly, by the time of Nirvana's last U.S. tour, in late '93, Cobain was tortured by the obligation to play "Teen Spirit" every night. "There are many other songs that I have written that are as good, if not better," he claimed.

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