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This page contains all of the posts and discussion on MemeStreams referencing the following web page: Napster Now Bertelsmann's Baby. You can find discussions on MemeStreams as you surf the web, even if you aren't a MemeStreams member, using the Threads Bookmarklet.

Napster Now Bertelsmann's Baby
by Decius at 12:47 am EDT, May 18, 2002

"Bertelsmann AG will pay $8 million to Napster's creditors, allowing the company to begin its operations again with much of its senior management intact, according to sources familiar with the situation. CEO Konrad Hilbers and founder Shawn Fanning, who both resigned on Tuesday after the board of directors failed to agree on a sale, will return to their posts. "

OK, fine, napster is back... strange proceedings... There is an inside story here. They either wanted to stop paying salaries while they worked out the legal stuff or they were trying to get rid of certain board members... still a wait and see...


 
 
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