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Telefonica Grabs Stake In Napster
- Computer Business Review, Thursday, October 17, 2013 4:05 PM
Telefónica has agreed to acquire a stake in Rhapsody International, the parent firm of Napster, as part of deal to introduce the music streaming website into the telecoms group's Latin American marketplaces. As part of the deal, Telefónica will shut down its Terra subsidiary's Sonora music service in Latin America, and promote customers to swap to Napster upon its planned launch on 1 November.
