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:
“Beneath the azure current floweth;
Above, the golden sunlight glows.
Rebellious, the storm it wooeth,
As if the storms could give repose.”
—Mikhail Lermontov (1814–1841)
“Anthropologists have found that around the world whatever is considered “men’s work” is almost universally given higher status than “women’s work.” If in one culture it is men who build houses and women who make baskets, then that culture will see house-building as more important. In another culture, perhaps right next door, the reverse may be true, and basket- weaving will have higher social status than house-building.”
—Mary Stewart Van Leeuwen. Excerpted from, Gender Grace: Love, Work, and Parenting in a Changing World (1990)