RSS
Home > News > More Trouble with Napster Sale
Jun 25 2002

More Trouble with Napster Sale

  • Written by
  • No Comments


      Share

Bertelsmann have given another $5.1 million loan to Napster to see it through. But the loan may not be enough as there have been further delays to its bankruptcy hearing. The Judge in the case said that he would require at least 60 days before a sale hearing can take place. Representatives for Bertelsmann said they couldn’t agree to the lengthened sale process and Napster requested a recess to negotiate the matter with the prospective purchaser. The never-ending saga of Napster burning money and delaying a launch continues. Read the full story here

Related

  1. Deadline Passes With No New Bidders for Napster
  2. Bumps rising in Napster buyout
  3. $16 Million to Buy Napster
  4. Napster CEO quits as sale rejected
  5. Napster buyout blocked–end is near
Zeropaid on Facebook

Trackbacks url:

Leave a Comment...



  • Advertisement

    Giganews Newsgroups


  • Markus88: Someone have a tvtorrent.com innvite for me? I'm going crazy to find it. Please email at marco.r1988@hotmail.it...
  • Jared Moya: It doesn't mention DRM, but yes, that had be better be the case. It ought to also legalize P2P for $75 would buy an aw...
  • Jared Moya: That's the worst part. The £400 is an arbitrary figure that bears little relation to perceived or actual losses. It's n...
  • jchunter93: ii donated like 3 days ago and i know it says wait 1 - 48 hours but its been like 72 hours now and my account is still n...
  • mountain_rage: If they charge us $75 on the player, its only fair that they state in the law that content shifting is fair use, and ban...
  • Rob: I work for a law firm, and unfortunately a close relative has been the victim of the ACS: Law letter in question. The...
  • meh: The problem is that mafiaa.org declard war on us 10 years ago. They fked themselves. I will pirate forever because of th...
  • UK ISP Criticizes Mass P2P Lawsuits: [...] (BPI), hardly an advocate of developing new business models to combat illegal file-sharing, has criticized ACS:Law...
    • sdsd