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Report: Google Considering Partnership, Acquisition of Napster

Authored by Mark Hefflinger on January 31, 2006 - 7:24am.
New York - Google is considering a possible acquisition of Napster, or else a strategic alliance with the digital music service, the New York Post reported on Tuesday, citing "sources within the music industry." The search giant is reportedly looking to partner with an existing digital music provider rather than developing its own service. The report sent shares of Napster up 30% on Tuesday. Last week, Napster told Reuters that it was not actively seeking buyers, responding to media reports that included layoff rumors. The company did acknowledge that it laid off ten middle managers last week.
http://www.nypost.com/business/62583.htm
http://www.napster.com

tags: Deals | Reports | Google | Napster | Acquisition |



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