Porn company offers to buy Napster
By Reuters
September 12, 2002, 5:12 PM PT
Private Media Group, a publicly traded adult entertainment site based in
Spain, on Thursday said it has made an offer to acquire the assets of defunct
song-swapping site Napster.
In a statement issued from Barcelona, Private Media said that it had offered
to acquire the Napster trademark and Napster.com Internet address for 1 million
shares of Private Media common stock, valued at about $2.4 million.