Monday, December 22, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung Introduces SE790C Curved Monitor
Chinese Motion-sensing VR Glasses Coming On Kickstarter
Kodak Returns To CES With Consumer Product Line
North Korea Suggests Joint Inverstigation With U.S. Over Sony Hacking
T-Mobile to Pay $90 Million To Settle Case With FCC
New Trojan Targetted Banks Wordlwide
FBI Confirms North Korea Was Behind Sony Hack
Apple Responds To BBC's Allegations Over Working Conditions In Chinese Factory
Active Discussions
Digital Audio Extraction and Plextools
Will there be any trade in scheme for the coming PSP Go?
Hello, Glad to be Aboard!!!
Best optical drive for ripping CD's? My LG 4163B is mediocre.
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
 Home > News > Optical Storage > Roxio s...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, December 02, 2002
Roxio snaps up Napster


Software vendor Roxio Inc. acquired the remaining assets of renegade song-swap pioneer Napster Inc. immediately after a bankruptcy court in Delaware approved the deal on Wednesday.

The Santa Clara, California, supplier of CD-burning software agreed to pay $5.3 million in cash and stock for Napster's intellectual property, including domain name and trademarks, and extensive technological portfolio, the company said in a statement.

Under the deal, Roxio will not assume any of Napster's pending liabilities, the company said.

Earlier this month, Roxio agreed to acquire the bankrupt online music distributor if it could gain court approval. The company provided no details of how it will use Napster's assets, saying only that it will announce its development plans in the coming months.

Once the high-flying startup of college student Shawn Fanning, Napster pioneered an Internet song-swapping service based on peer-to-peer (P-to-P) technology. The online music company claimed over 60 million users at its height, but the service got knocked offline in 2001 following a prolonged battle with the music industry over copyright infringement claims.

German media company Bertelsmann AG broke ranks with the music industry by investing millions of dollars in Napster, in the hope of cashing in on a global audience of music fans keen to download tunes over the Net. In September, the bankruptcy court blocked the G?tersloh, Germany, company from buying Napster.

More than a dozen bidders, including the Barcelona adult entertainment company Private Media Group, emerged as possible buyers.


Previous
Next
New Seagate Barracuda Hard Drives Attack Again With Serial ATA And 80GB-Per-Disc Technology        All News        New Seagate Barracuda Hard Drives Attack Again With Serial ATA And 80GB-Per-Disc Technology
Alera Technologies applauds the release of the new specification for multimedia albums and playlists     Optical Storage News      Alera Technologies applauds the release of the new specification for multimedia albums and playlists

Source Link Get RSS feed Easy Print E-Mail this Message

Related News
New Roxio Creator NXT 3 Delivers Fast Movie-Making
New Roxio Toast 12 Delivers Digital Media Power for Mac
Roxio Creator NXT 2 Now Available
Roxio MediaBook for Windows 8 Released
Capture You GamePlay in HD With New New Roxio Game Capture HD PRO
New Roxio Creator NXT Released
Corel Completes Acquisition of Roxio, Introduces Roxio Easy VHS to DVD 3 Plus
Corel Acquires Roxio Business from Rovi
Roxio Toast 11 Released
Roxio Launches Video Lab HD with 3D
Roxio Adds 3D to Personal Media with Creator 2011
Roxio Releases Retrospect 8.2 for Mac

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .