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 MP3.com (MPPP) buys controlling stake in mp3radio.com

 

   *  Amount:         Undisclosed

 

   *  Terms:            n/a
 

   *  Premium:        n/a

 

   *  Industry:        Internet music

 

   *  Scorecard:      C

 


    NEW YORK, April 13--MP3.com (MPPP) , which operates a Web site that lets users download songs over the Internet for free, said it is buying the majority stake in mp3radio.com from its venture partner Cox Interactive Media. Terms of the deal were not disclosed.

    Atlanta-based mp3radio.com, which provides localised music information and free music downloads to radio stations across the country, is expected to relocate to San Diego to be integrated into MP3.com's operations.