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Napster sells patents and brand name

Discussion in 'Serious' started by GreatOldOne, 28 Nov 2002.

  1. GreatOldOne

    GreatOldOne Wannabe Martian

    29 Jan 2002
    Likes Received:
    "The patents and brand name of the failed online music-swapping service Napster have been sold to CD-burning software firm Roxio.
    Roxio paid $5m in cash plus $300,000 worth of Roxio shares.

    As part of the deal, Roxio will be insulated from any future litigation against Napster of the past.

    Following the sale, Napster, which ceased operations in September, has been stripped to the bone.

    Its remaining assets, which consist of hardware such as servers, routers, and computers, will be auctioned off on 11 December.

    The proceeds will be handed over to creditors as part of Napster's bankruptcy proceedings."

  2. bello

    bello What's a Dremel?

    17 Sep 2002
    Likes Received:
    i dont know about you guys.. but this bothers me..

    oh well.. Napster got 0wned by the music industry :(

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