AP - Napster Inc., the online music community that rose from a dorm room project to became the scourge of the global recording industry, is being purchased by Best Buy Inc. for nearly $127 million as the electronics retailer tries to boost its digital music business.

AFP - Democrat Barack Obama has a "tremendous advantage" over Republican John McCain in the race for the White House -- at least in terms of friends on social networking sites, a report showed Monday.

Reuters - Shares of U.S. video game publisher Take Two Interactive Software Inc plunged nearly 30 percent in premarket trading on Monday after larger rival Electronic Arts Inc abandoned its takeover bid.

AFP - British mobile phone giant Vodafone is seeking 670 million euros (950 million dollars) in damages from Telefonica for alleged abuse of its dominant position in the 1990s, a company spokesman said Monday.

Reuters - Best Buy Co Inc plans to buy digital music service Napster Inc for $121 million in cash in an effort to compete with Apple's dominant iTunes service and its iPod music players.

Reuters - European Union competition watchdogs are looking into a planned deal between Internet giants Google Inc and Yahoo Inc to share some advertising revenue.

AP - Video game publisher Electronic Arts Inc. said Sunday it ended talks to buy smaller rival Take-Two Interactive Software Inc., best known for the "Grand Theft Auto" series of games.

AFP - US video game giant Electronic Arts announced Sunday it was ending a bitter seven-month battle to acquire "Grand Theft Auto" maker Take-Two Interactive.

Reuters - News Corp's MySpace, the world's largest social networking site, said on Sunday its long-expected MySpace Music joint venture with three major music labels will launch with four major sponsors underwriting the costs of streaming free music to millions of MySpace users.

Reuters - U.S. video game giant Electronic Arts Inc has pulled away from an offer to buy rival Take Two Interactive Software Inc after pursuing the "Grand Theft Auto" game publisher for more than six months.

Reuters - Hollywood is challenging the hegemony of Apple in digital distribution. A consortium of major studios -- excluding key Apple ally Walt Disney Co. -- is teaming up with leading retailers and consumer-electronics firms to essentially transform the paid download into an experience akin to buying a DVD. The goal is letting video purchased at any outlet be played on any device worldwide.

AFP - Hackers armed with laptop computers, camping tents and dreams of software glory invaded Yahoo during the weekend as the Internet pioneer opened its strategy and its doors to outside developers.