Petteri Pyyny
18 May 2003 14:14
According to "sources familiar with the situation", i.e. rumours, CD/DVD burning software manufacturer Roxio is near a deal to buy the online music subscription service, Pressplay, from Sony and Vivendi.
Same rumours indicate that the deal would be worth appx. $30M. Roxio has tried to break into new market segments during the last year or so, by buying the legendary Napster brand and offering online music subscription service Pressplay to its customers. If deal really happens, it would very likely mean that Pressplay would be rebranded as Napster in near future.
Source: CNet