Napster - Current Status

Current Status

After a US$2.43 million takeover offer by the Private Media Group, an adult entertainment company, Napster's brand and logos were acquired at bankruptcy auction by Roxio which used them to rebrand the Pressplay music service as Napster 2.0.

In September 2008, Napster was purchased by US electronics retailer Best Buy for US $121 million.

On December 1, 2011, pursuant to a deal with Best Buy, Napster merged with Rhapsody. Best Buy will receive a minority stake in Rhapsody.

Read more about this topic:  Napster

Famous quotes containing the words current and/or status:

    A reaction: a boat which is going against the current but which does not prevent the river from flowing on.
    Victor Hugo (1802–1885)

    His Majesty’s Government view with favour the establishment in Palestine of a national home for the Jewish people, and will use their best endeavours to facilitate the achievement of this object, it being clearly understood that nothing shall be done which may prejudice the civil and religious rights of existing non-Jewish communities in Palestine, or the rights and political status enjoyed by Jews in any other country.
    —A.J. (Arthur James)