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Jun 3 2002

Napster Files Bankruptcy

  • Written by Jorge
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The filing comes just weeks after Redwood City, Calif.-based Napster agreed to sell its assets to German media conglomerate Bertelsmann for $8 million. As expected at the time of that transaction, Napster filed under Chapter 11 of the U.S. Bankruptcy Code with the U.S. Bankruptcy Court in Delaware, a court official confirmed. Read more at News.com.

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