Napster creditors have been attempting for the last week to find
someone to bid for the assets of Napster other than Bertlesman.
They have failed in their attempt. Unless legal objections in Napster’s Delaware bankruptcy
proceedings stop the sale, Bertelsmann could take ownership after a final hearing Aug. 29.
So by August 29, the ongoing bankruptcy hearing could be over and Bertelsmann could be
in control of Napster that is free from
legal worries. Read more here
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- $16 Million to Buy Napster
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