Home › DMW Daily › April 27, 2009

Report: SeeqPod in Buyout Talks With Apple Competitor

Authored by Mark Hefflinger on April 27, 2009 - 9:34am.
Emeryville, Calif. - SeeqPod, the bankrupt streaming MP3 search engine currently being sued for copyright infringement by several major labels, went offline over the weekend but is reportedly close to announcing a buyout by "a large media company" that is "a competitor to Apple," according to MP3Newswire. SeeqPod CEO Kasian Franks told MP3Newswire that the site is offline because it is "in the process of moving a few servers due to an acquisition by a media company."

Emeryville, Calif.-based SeeqPod declared bankruptcy on March 31.

Shortly prior, the company began offering its source code for a $5,000 fee, in the hopes that its technology would continue on even if it was forced to shut down through litigation.

SeeqPod is still facing copyright infringement lawsuits brought by EMI and Warner Music Group (NYSE: WMG).

 

Related Links:
http://www.mp3newswire.net/stories/9002/seeqpod_return.html

http://snipurl.com/gv1w8 (DMW previous coverage)

http://www.seeqpod.com

Published in DMW Daily, April 27, 2009
tags: Deals | Law | Lawsuits | Music | Acquisitions | Copyright | Seeqpod |



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