Thank you Mr. Newsman, an excellent issue again!
Quote:
Originally posted by walktalker
Bertelsmann puts Napster buy on hold
Bertelsmann, a major investor in Napster, has suspended talks to buy the rest of the once high-flying song-swap service pending the resolution of a dispute among other Napster investors. The bid, estimated at between $15 million and $30 million, has been put on hold until this other legal matter has been sorted out, said one source familiar with the situation. Both Bertelsmann and Napster declined to comment.
http://news.com.com/2100-1023-870723.html
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Not a big surprise. It is hard to see any economical future for the company and whatever brand value it had has long evaporated. Shawn's uncle starting a power battle to get his own men into the board might be all that Bertelsmann needs to leave the sinking ship.
- tg
