Petteri Pyyny
13 Sep 2002 15:20
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