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Bertelsmann to take over Napster?

Written by Jari Ketola @ 06 Apr 2002 10:16

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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