Vivendi Universal will buy MP3.com

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Vivendi Universal will buy MP3.com
For $372 million or at a "66 percent premium over MP3.com's Friday close of $3.01".
Cash burning their pockets like we're back in 1999.

06/29/01 update: Yahoo Buys Up Web's Biggest Music Video Collection (for $12M).

07/23/01: Vivendi Universal reports revenues rise (but VU Net bleeds ink).

07/10/03 update: Vivendi cuts losses with MP3.com.

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