News.com reports that Napster has filed for bankruptcy protection today. The first file sharing network seems to die a slow death:
The filing comes just weeks after Redwood City, Calif.-based Napster agreed to sell its assets to German media conglomerate Bertelsmann for $8 million. As expected at the time of that transaction, Napster filed under Chapter 11 of the U.S. Bankruptcy Code with the U.S. Bankruptcy Court in Delaware, a court official confirmed. |
Read the entire story here. Will they give up about Napster or do they still see a future for the company, let them suprise us !
Source: News.com
