Women in Music 2016
Watch Billboard and American Express' 'Women in Music: Inspiring a Generation' Video
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Delaware Judge Blocks Sale Of Napster
A Delaware bankruptcy judge has blocked the sale of file-swapping service Napster to its chief financial investor, Bertelsmann AG, marking the death of a deal that might have revived the service as aA Delaware bankruptcy judge has blocked the sale of file-swapping service Napster to its chief financial investor, Bertelsmann AG, marking the death of a deal that might have revived the service as a legitimate music-sharing network. Judge Peter J. Walsh made the ruling today (Sept. 3) in Wilmington, Del., according to spokespersons for both Bertelsmann and Napster.
Bertelsmann had sought to purchase the remains of the defunct Napster network for an additional $8 million after having already sunk $85 million into the Redwood City, Calif.-based company to keep it afloat. Napster has been off line for more than a year.
Suits by several major record labels effectively destroyed Napster. Those companies also filed motions in the bankruptcy case, vigorously objecting to the sale of the company to Bertelsmann.
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