The deal, which is expected to close on November 30, means Rhapsody will get Napster's assets and subscribers, while Best Buy will get a minority stake in Rhapsody.

Rhapsody president Jon Irwin said the deal would "further extend Rhapsody's lead over our competitors in the growing on-demand music market".

"There's substantial value in bringing Napster's subscribers and robust IP portfolio to Rhapsody as we execute on our strategy to expand our business via direct acquisition of members and distribution deals," ...