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Napster sold for $8 million

Less than three days after Napster founder Shawn Fanning and CEO Konrad Hilbers said they were leaving the project for good, along comes Bertelsmann with an offer they couldn’t refuse: Buy Napster for 8 million clear out the company’s debt and hire back most of the key players.Read full story here.

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This entry was posted at 3:00 am on Sunday, May 19th, 2002. You can follow any responses to this post through the RSS 2.0 feed. It would be nice to read your comments below. Pinging is currently not allowed.

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