CMGI + Napster = Wow â Wow
In a $1.1 billion deal, Internet holding company CMGI today announced it would merge with online music site Napster to create a company that no one cares about anymore and is probably illegal anyway. âThe combined company may succeed if management can capitalize on extant synergies,â said Merrill Lynch analyst Dayton Hale in a statement that was predictably vague and probably wonât make an impact on anyone.