Slashdot Mirror

← Back to Stories (view on slashdot.org)

Judge Kills Napster Sale Over Conflict of Interest

Posted by timothy on from the nabster dept.

MaxVlast writes "The New York Times is reporting that 'A bankruptcy judge blocked the sale of Napster Inc. to Bertelsmann AG on Tuesday, killing a deal that might have revived the idled Internet music pioneer.' The Napster CEO used to work for Berteslsmann, and the judge suspects a conflict of interest. The CEO says that Napster will probably go from Chapter 11 to a Chapter 7 liquidation." Reader VinceK adds a link to the same AP story (with no login needed) carried at Biz Report, and more reports at the SJ Mercury News, CBS Marketwatch and InfoWorld.

2 of 181 comments (clear)

  1. Only in America..... by PhreakOfTime · · Score: 4, Insightful

    only here can a service that was started up for fun, and used to trade items with no money changing hands, end up being bought and sold to put it out of business....

  2. I take my hat off to Napster by Anenga · · Score: 5, Insightful

    Somebody had to be the sponge, the magnet, whatever - to suck in all the legal battles from the RIAA and allow Gnutella to be born in the background. No matter how many TRL Appearances Shawn Fanning had, how many teens rallied against the RIAA, nothing could stop the impending demise of Napster.

    Napster really did pave the way for P2P File Sharing, and they deserve some respect. I mean, who here didn't use Napster?