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Bertelsmann saves Napster

http://www.theregister.co.uk/content/6/25333.html


Bertelsmann saves Napster

By Drew Cullen

Posted: 17/05/2002 at 21:01 GMT

Bertelsmann is to mop up the rest of Napster – for around $8m. Or rather the assets: it gets the name and it has the P2P software, and it pays off the creditors, but it sidesteps the liabilities – most notably, other shareholders, and the gazillions demanded by most of the music majors.

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