Best Buy agreed to buy Napster's outstanding shares for $121 million

Best Buy said that it is interested in Napster's proven technological capabilities, as well as the former peer-to-peer pioneer's user base. The mega-retailer wants to explore digital music and other forms of entertainment "beyond music subscriptions" over a variety of electronic devices.It make Best buy agreed to buy Napster's outstanding shares for $121 million, a 95 percent premium over Napster's closing stock price on Friday, before the deal was announced.