Remember BMG’s interest in Napster?

Back when Napster’s legal troubles were just beginning, Napster’s president lured Bertelsmann AG (a.k.a, BMG) in as an investor to try and show the recording industry that labels could use Napster as a huge but cheap promotion tool. Today: BMG “has suspended talks to buy the rest of the once high-flying song-swap service pending the resolution of a dispute among other Napster investors. The bid, estimated at between $15 million and $30 million, has been put on hold until this other legal matter has been sorted out…” Click here for the full story at Wired.com.

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