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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.

3 of 181 comments (clear)

  1. It was to be expected... by lennart78 · · Score: 4, Interesting

    Just like the first Greek to leave ship at Troy was bound to fall, the first big MP3-sharing service was bound to be taken down by the RIAA.
    Still however, the Greek took Troy nontheless, it just took 'em a couple of years...

  2. Better This Than The Alternative by Bloodmoon1 · · Score: 2, Interesting

    At least they won't now be coming back as a pay service, which would just bastardize everything Napster stood for when it first came out. Odd how things work, Napster got sued and is now dead for all intents and purposes, and its fuel, mp3's, look like they may have started their down turn thanks to the change in licensing terms and some companies beginning to remove encoding and decoding of mp3s from their software as a result.

    --

    Request: ECM unit, 1000 km fullerene cable, 1 tactical nuclear weapon. Reason: Birthday party for foreign dignitary.
  3. So what is Shawn Fanning doing now? by peter303 · · Score: 3, Interesting

    Did hew finish his degree?