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Napster CEO quits

14 May 2002 13:55 by Petteri "dRD" Pyyny

Napster's CEO, Konrad Hilbers, has announced that he will quit the company after Napster's board rejected the proposed deal to sell the company to Bertelsmann.

The management team "has put together what I consider to be a valid and beneficial deal for Napster over the last weeks," Hilbers said in the e-mail, News.com reported. "Unfortunately, the board has chosen to not pursue the deal...I am convinced that not pursuing the offer is a mistake, and it will lead the company to a place where I don't want to lead it."

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