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Porn company wants to buy Napster

13 September 2002 15:20 by Petteri "dRD" Pyyny

Spanish adult entertainment company, Private Media Group, has made an offer to buy now-defunct Napster's trademarks and domain name Napster.com.

According to Private Media, it plans to use Napster's trademark and the domain name to offer a swapping place for adult content and also to offer "top quality adult content at a reasonable price". Private Media also claims that it has the largest copyrighted catalog of porn content in the world.

Private Media has offered to purchase the assets with one million of its own stock, valued at around $2.4M -- Private Media's common stock is listed in American technology stock market, Nasdaq.

Source: Reuters

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Related articles:

  • Judge approves a loan to Napster (23 October 2002)
  • Napster's sale is very close (27 September 2002)
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  • Bankruptcy judge blocks the sale of Napster (3 September 2002)
  • Napster files for Chapter 11 (3 June 2002)
  • RIAA files a lawsuit against Napster (15 November 1999)
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