September 12, 2002
Judge Blocks Napster's Sale to Bertelsmann
Judge Blocks Napster's Sale to Bertelsmann
U.S. Bankruptcy Judge Peter Walsh blocked the sale of ailing Napster to Germany's Bertelsmann AG, one of the world's largest media companies, which owns BMG music and Random House publishers, along with several other assets. Bertelsmann's previous regime wanted to turn the vestiges of Napster into a retooled service that would not face legal challenge.
Posted by rshah at September 12, 2002 12:00 PM