Napster goes belly up. In other news, the earth is round. PDF Print
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Written by tinfoil on Monday, 03 June 2002 16:39

(CNN) If this comes as a suprise to anyone, where have you been? BMG will buy out Napsters remaining assets for $8 million, far short of the $30 million BMG offered some time ago. As part of the agreement, Napster is to file for chapter 11 and become a wholly owned subsidiary of BMG.

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