Microsoft’s online music plans hit rivals’ shares

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Microsoft's online music plans hit rivals' shares

Microsoft, the world’s largest software maker, said on Friday it was interested in offering an online music subscription service, sending shares of online music rivals lower on Friday.

Microsoft, which launched its MSN Music download service last year to rival Apple Computer’s iTunes, said on Friday that “offering a subscription service was an important step in helping people find and discover great music online.”

Read the complete story. (Reuters)