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Bertelsmann to take over Napster?

6 April 2002 10:16 by Jari Ketola

In an interview published in Die Welt on Friday Bertelsmann's chief executive officer Thomas Middelhoff commented about buying out Napster completely. "We are looking into completely taking over Napster," Middelhoff said. "We want to buy out the original shareholders, and have made them an offer, because we believe that our strategy is the right one for the future of the company."

What exactly that strategy is, remains to be seen. Whatever it is, it's something Shawn Fanning, the founder of Napster, as well as the other original shareholders, are against.

Source:
Die Welt


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Related articles:

  • The ghost of Napster appears in court (21 April 2004)
  • Bankruptcy judge blocks the sale of Napster (3 September 2002)
  • Napster files for Chapter 11 (3 June 2002)
  • Bertelsmann acquires Napster (17 May 2002)
  • Napster CEO quits (14 May 2002)
  • Napster lays off 30 (11 April 2002)
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