CDNow and N2K to Merge
The rumors were flying all week, and this time they proved to be true: <A HREF="http://www.cdnow.com">CDNow Inc.</A> and <A HREF="http://www.n2k.com">N2K Inc.</A> jointly announced the signing of a definitive merger agreement on October 23. Both companies are well-positioned in the online music retail business, but face ever-increasing threats from new online rivals such as Tower Records and Virgin, as well as the ominous presence of Amazon.com who recently jumped into the online music business.