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:
“Through this broad street, restless ever,
Ebbs and flows a human tide,
Wave on wave a living river;
Wealth and fashion side by side;
Toiler, idler, slave and master, in the same quick current glide.”
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