Eight months after beating MP3.com in court, Vivendi Universal, the world's largest record company announced yesterday (May 20) that it will acquire the online music provider in a $372 million cash-and-stock deal. The Paris-based conglomerate – which owns labels such as Interscope, MCA, Mercury, A&M, Motown, Island, and Def Jam – said the deal will advance its efforts to create an online digital music subscription service.

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