Washington-based Riptopia will greatly expand its retail reach with the acquisition of one of its major competitors, company officials announced Thursday.
Riptopia, a company that specializes in “ripping’ or transferring CDs to digital music players, purchased New York-based RipDigital. The acquisition will further Riptopia’s plans to become a national brand by extending its reach to 28 states and 208 retail locations, including Best Buy and Tweeter locations. Financial terms of the deal were not disclosed. The company’s business wasprimarily driven by online orders prior to the deal.
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