Apple...in Talks to Buy Universal Music
In a pairing that would alter the architecture of the music business, Apple Computer Inc. is in talks with Vivendi Universal to buy Universal Music Group, the world's largest record company, for as much as $6 billion, sources said.
Such a seemingly unlikely combination would instantly make technology guru Steve Jobs, Apple's co-founder and chief executive, the most powerful player in the record industry....more [LA Times]
I have mixed feelings about this. On the one hand I think Jobs and his vision could transform the industry. On the other hand, I am not convinced that the industry is going to survive in a form anything like today's bloated dumb beast. If Jobs could make this work, he would do what SONY has been trying to do for years -- take advantage of the synergy created by it's many parts. So far it hasn't worked for SONY, only time will tell if Apple can do better...mj
8:51:42 AM 
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