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Napster To Be Acquired by Google?
YesSir writes "The New York Post claims that Google is considering an alliance or possibly an acquisition of Napster. Rather then starting their own, Google could jump start their music service with the help of Napster. Napster's share price soared more than 30 percent as a result of the report that they are in discussions with Google." From the article: " The company in January told Reuters that it was not on the block. 'The company is not looking to be sold, the management is not looking to step out. It's simply not true,' a Napster spokesman said on Jan. 23. Last week, Napster, founded by college student Shawn Fanning and was once synonymous with the pirating of music, laid off 10 managers." More information available from C|Net. Update: 01/31 19:16 GMT by Z : A Reuters article has Google denying that it has plans to acquire Napster or start a music store anytime soon.
This "Napster" is not the company founded by Shawn Fanning. This is the company that was formerly known as Roxio that sold off all of their software assets to Sonic and then hired Shawn Fanning and bought the name Napster.
This company has been mismanaged from the moment it was spun off from Adaptec. This would not surprise me in the least, but unfortunately it is probably a really good move for the current Napster folks. They will make out like bandits.
Google already came out and denied any involvement with napster, according to this
From Reuters: A spokesman at Google's Mountain View, California headquarters was not immediately available to comment. However, a spokeswoman in Google's U.K. office told Reuters, "I can completely deny the report." "No, we have no plans at this time to develop a music store, or to compete with existing online and offline music retailers," the spokeswoman said in a prepared statement."
This is not a sig.
Google said: "We have no plans to acquire Napster, nor do we have plans to develop a music store at this time." 13:01 EST
Amongst many of the rumors lately, one has come to the forefront, and may be the end or beginning of us all.
According to the International Herald, God plans to acquire George Bush. More specifically, they state, God intends to acquire the office of President of the United States, and use that to help turn more people towards His Will, as well as enacting greater protection for national forests.
"Absolutely crazy," stated Vice President Dick Cheney, caught between heart surgeries. "God has never talked to us. Uh, well, myself. Ol' George says he's heard a few snippets here and there, but I'm not too sure."
However, the International Herald sticks by their piece, claiming to get the news from a source they would only name as "Gabriel".
We were unable to contact God before press time.
(I realize stock prices rise and fall based on the Rumor of the Day, but it's been crazy lately.)
Yes. They bought the software 'Pressplay' and renamed it to 'Napster'.