CNET News.com :
“Napster, the former high-flying music-trading site, said Friday that it has signed a nonbinding letter of intent to sell its assets, although it declined to name the buyer.
Rick Antonoff, an attorney representing Napster’s unsecured creditors committee, said that after negotiating with a select group of qualified bidders in recent days, it has signed an agreement with one company, which he would not name, and that a deal could be reached as soon as next week”
CNET: Napster closes in on buyer
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