Napster snapped up by UK tech firm MelodyVR in €58m deal

MelodyVR specialises in virtual reality experiences of live music events, with a catalogue of performances by artists including Liam Payne (www.lukedyson.com/MeoldyVR/PA)

UK technology firm MelodyVR has agreed a 70 million US dollar (€58m) deal to buy music streaming platform Napster.

London-listed MelodyVR, which specialises in virtual reality experiences of live music events, announced it is taking over US group Rhapsody International – trading as Napster – to create a “one of a kind” combined entertainment giant.