Play.com now owned by Rakuten of Japan
One of the UK's most successful online retailers - Play.com - has been sold to Japan.
Of course, it hasn't been sold to the whole country of Japan, but rather, Japanese e-commerce operator Rakuten. They're going to hand over £25m for Play, which is a pretty penny you'll agree.
Hopefully, with continued growth around the globe, this will mean that us plebians will get better deals and bargains on music, books and electronics.
We'd better, or this is the most pointless news we've ever covered.
The chairman and chief executive Rakuten, Hiroshi Mikitani, said the Play.com takeover was an important one: "The UK market is one of Europe's largest and most mature e-commerce markets.
"Play.com is not only a pioneer in the market, but also one of the UK's most successful e-commerce businesses."
So there. Stick that in your pipe and smoke it.