Napster Execs Resign, Company Appears to Teeter
renard writes: "The NYT is
reporting that five top executives at Napster,
including founder Shawn Fanning and CEO Konrad
Hilbers, resigned yesterday. This occurs in the
wake of their Board's rejection of the latest
buyout offer from Bertelsmann AG - as Hilbers says, `I am convinced
that not pursuing the offer is a mistake.' Could
this be the end for the upstart MP3 indexing service
that changed everything?"
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