Napster Files For Bankruptcy


CNET is reporting that Napster has filed for bankruptcy protection. This is not surprising considering as bankruptcy filing was part of the deal where the German media giant Bertelsmann will purchase the assets of the company for $8 million. Napster has been offline since July of last year, and was unable to work out a deal with the record companies to get the file sharing service back up.

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From The Chatty
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    June 3, 2002 8:12 AM

    Heheheheh he said 'get it back up'.

    Settle down Beavis.

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