CNET acquires MP3.com

Jari Ketola
14 Nov 2003 18:21

According to I.T. Vibe and others, MP3.com has sent email to its customers stating that CNET Networks has acquired certain assets of MP3.com, and as of December 2nd, 2003 MP3.com website will no longer be available in its current form.
Here's the email in full:
CNET Networks, Inc announced today that it has acquired certain assets of MP3.com, Inc. Please be advised that on Tuesday, December 2, 2003 at 12:00 PM PST the MP3.com website will no longer be accessible in its current form.
CNET Networks, Inc. plans to introduce a new MP3 music service in the near future. If you would like to receive email updates on this service, including an invitation to a special members-only preview, please sign up here. MP3.com is not transferring your personal information to CNET Networks, Inc. or any other third party.
On behalf of all of us at MP3.com we thank you for your patronage and continued support. It has been a privilege to host one of the largest and most diverse collections of music in the world. MP3.com wishes to express its sincere thanks to each of you for making us your premier destination for music online.
Sincerely,
MP3.com

Although no official press release has been made yet by either MP3.com or CNET, this definitely is a major move. Is CNET planning on opening a music store of their own or are they perhaps going for a different kind of MP3 music service. Time will tell.
Update: CNET News.com confirms the agreement, but doesn't reveal much more details. The service will not be a music store.
A company representative said the revamped site would not compete with music download services such as Napster. Instead, the company plans to turn MP3.com into a source of information for digital music.
Source:
I.T. Vibe

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