AOL Jumps into Net Music with $400 Million Acquisition
Better late than never. <A HREF="http://www.aol.com/">America Online</A> has finally leaped into the Internet music business with its recent purchase of San Francisco-based <A HREF="http://www.spinner.com/">Spinner Networks</A>, and <A HREF="http://www.nullsoft.com/">Nullsoft</A> of Sedona, Arizona. The combined deals, which were announced on June 1, cost AOL $400 million in company stock.