Amazon Buys Cdnow Makes It Official


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While I was browsing the web today, I went to cdnow and I noticed they changed it to amazon's layout, so looks like cdnow finally made it official that amazon took over. I went to cnet and found an article telling more about it.

As previously reported, the two companies had been in talks for some time. CDNow is owned by German media giant Bertelsmann, which has been struggling with its Internet operations. Bertelsmann said it plans to focus more on books and its music club business.

CDNow will remain part of Bertelsmann unit BeMusic, which also controls the BMG Music Service and record club businesses. Amazon's own music, video and DVD stores will also continue to operate separately.

The multiyear agreement, announced Wednesday, calls for Amazon to handle fulfillment, inventory, content and customer service for CDNow's site. Specific financial terms of the deal were not released.

Source:

http://news.com.com/2100-1023-976008.html?tag=fd_top

New Cdnow homepage:

http://www.cdnow.com

Edited by ibetheone
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