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Roxio Looks to Buy Napster Assets

Julio Franco
By Julio Franco
Nov 17, 2002
  1. Software maker Roxio is poised to snap up the remaining assets of the now defunct song-swapping company Napster for $5 million in cash and 100,000 warrants to purchase Roxio common stock, the company announced Friday.

    Roxio says "Napster has value that is synergistic with Roxio's current digital media offerings" and the company's long-term vision of digital entertainment.

    Source: Yahoo News.
     
    Nov 17, 2002
    #1
  2. Rick

    Rick TechSpot Staff Posts: 4,573   +65

    Big mistake by Roxio... Napster is and will remain dead. ;)
     
    Nov 17, 2002
    #2
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