Napster CEO quits

Written by Petteri Pyyny @ 14 May 2002 13:55

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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