Online music marketplace, Napster announced a price reduction for its online music streaming service on Monday.

LOS ANGELES and DALLAS, Oct. 30 /PRNewswire-FirstCall/ -- Napster and AT&T Inc. today announced the availability of Napster Mobile to more than 13 million AT&T customers, a significant expansion of the service.

Business News IN BRIEF *Best Buy, the US consumer electronics giant, is moving into the online music business with the purchase of Napster for $121m (67.6m). The deal has been unanimously approved by the board and also has the support of the company's executive stockholders.

Best Buy has announced it will purchase digital music service Napster Inc for $121 million in hopes of attracting more customers and possibly luring some away from Apple Inc’s iTunes.

Napster portrayed an upbeat picture to investors while reporting its fiscal first-quarter results in August, aiming to calm growing concerns about the company’s future.