Feeds

Roxio to buy Napster assets

For the record

  • alert
  • submit to reddit

Top 10 endpoint backup mistakes

Roxio is to buy the assets of Napster, the dead P2P music-swapping firm. In other word's it's not taking on liabilities or Napster's litany of legal battles with the music major. The deal is subject to approval from the bankruptcy court and, presumably, to legal challenges from creditors and, err, lawsuitors.

Roxio is offering $5m in cash and warrants to buy 100,000 shares worth another $300k, rather less than the $8m offered by Bertelsmann a few months ago. The Delaware bankruptcy court rejected the offer, agreeing with the fierce resistance from the creditors/lawsuitors.

So what's in it for Roxio, best known for CD burning software? Well, the Easy CD creator, is, it tells us, "the Digital Media company®". And it has a "strategic vision of how Napster will expand Roxio's role in the digital media landscape and enhance our offerings to consumers".

In September, porn giant Private Media made a $2.4m stock offer for the Napster name.
Sounds like Napster as paid-for download distribution mechanism for burned CDs. But we're jumping the gun -
all will be revealed after the deal closes (expected November 27). ®

Roxio press release

Related stories

Porno firm wants Napster
Bertelsmann to pull Napster plug
Bertelsmann saves Napster - The Napster phenomenon

A new approach to endpoint data protection

More from The Register

next story
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Nintend-OH NO! Sorry, Mario – your profits are in another castle
Red-hatted mascot, red-colored logo, red-stained finance books
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

Whitepapers

7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?