Google Inc. on Tuesday denied a report the company is in talks on an alliance with Napster that could lead the Web search leader to purchase the reinvented music subscription service.
The report in Tuesday’s New York Post said the two companies were in discussions about an “extensive alliance” that could include an “outright acquisition” sent Napster shares up more than 40 percent in early trading on Nasdaq.
A spokesman at Google’s Mountain View, California headquarters was not immediately available to comment.
However, a spokeswoman in Google’s U.K. office told Reuters, “I can completely deny the report.”
“No, we have no plans at this time to develop a music store, or to compete with existing online and offline music retailers,” the spokeswoman said in a prepared statement.