“OD2, the [UK-based] music download service co-founded by Peter Gabriel, was sold to a US rival yesterday as competition intensifies in the online music market. Digital media firm Loudeye will pay $38.2m (£20.9m) in cash and stock for OD2… The deal follows a surge in activity in the European online music market, with the European launch of Apple’s iTunes last week following the rebirth of Napster, the former enfant terrible of the digital music industry.”