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Yahoo! Looks to Stand Out in Music Crowd

Stock quotes in this article: YHOO , AAPL , RNWK , MSFT , CNET  

Updated from 10:48 a.m.

Yahoo! (YHOO Quote) agreed to buy Musicmatch in a deal that will practically double its reach in the fast-growing online music business.

Sunnyvale, Calif.-based Yahoo! said Tuesday it will pay $160 million in cash for the closely held San Diego-based provider of personalized music software and services. The deal signals Yahoo!'s decision to go toe-to-toe with big music players like Apple (AAPL Quote) and RealNetworks (RNWK Quote) as the digital music industry expands. ...

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