Napster, now a streaming service, sells for $207m to Infinite Reality
by Associated Press from Technology | The Guardian on (#6W5W4)
Tech startup says it bought company once linked to music piracy to transform it into a social music platform for artists
A brand that was notoriously connected to music piracy before re-emerging as a subscription music service, has been sold to Infinite Reality for $207m.
The tech startup announced on Tuesday it had bought Napster in hopes of transforming the streaming service into a social music platform where artists can connect with fans and better monetize off their work.
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