From News.com: “Roxio, a developer of CD-burning technology, will pay $12.5 million in cash and 3.9 million shares of its common stock to Universal Music Group and Sony Music Entertainment, the joint owners of Pressplay. Accounting for Roxio’s stock price as of Friday, the acquisition is valued at $39.5 million, excluding $1 million in transaction fees.”
The fact that someone would find PressPlay worthy of a second look, let alone a $40 million second look, is cause enough to eagerly anticipate Roxio’s demise. No company that has upper management that apparently wasn’t paying attention 1999-2003 could possibly survive the bitter digital music climate.
