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afterdawn.com > news > vitaminic to acquire iuma from emusic
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Vitaminic to acquire IUMA from EMusic

24 March 2001 2:56 by Petteri "dRD" Pyyny

Vitaminic, online music site which promotes unsigned artists and is very strong MP3.com's competitor specially in Europe, has acquired IUMA.com from EMusic in order to build Vitaminic's brand better in the States.

Vitaminic will pay $400,000 in cash and $500,000 in company stock for IUMA to EMusic, which acquired the site back in 1999 for 448,000 shares of its common stock. EMusic which has been really badly beaten by markets in recent months stopped funding the IUMA site earlier this year.

This is the second acquisition of Vitaminic within a month; two weeks ago Vitaminic acquired Eurekan Multimedia which runs two French music sites, FranceMP3.com and MP3France.com.


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Related articles:

  • Vitaminic licenses music to Napster (5 November 2001)
  • Vitaminic continues its shopping spree (9 June 2001)
  • UMG acquires EMusic (9 April 2001)
  • Vitaminic reports its numbers for fiscal year 2000 (3 April 2001)
  • Vitaminic to acquire FranceMP3.com (15 March 2001)
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