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Yahoo Pays $160 Million for Online Music Store

Yahoo joins the online music market by agreeing to buy Musicmatch for $160 million. Analysts say Yahoo needs the deal to help it compete with Apple Computer and Microsoft in offering music downloads and digital music software. Hear NPR's Chris Arnold.

Copyright 2004 NPR

NPR correspondent Chris Arnold is based in Boston. His reports are heard regularly on NPR's award-winning newsmagazines Morning Edition, All Things Considered, and Weekend Edition. He joined NPR in 1996 and was based in San Francisco before moving to Boston in 2001.