1/31/2006

Napster in talks with Google: report

Filed under: — By Aviran Mordo @ 9:23 am

Shares of digital music service Napster Inc. surged more than 30 percent in premarket trading on a report that it was in discussions with Google Inc. for an alliance that could include a sale.

Internet giant Google is in talks with Napster over an “extensive alliance” that could include an “outright acquisition,” according to a Tuesday report in the New York Post, citing anonymous sources.

The company in January told Reuters that it was not on the block. “The company is not looking to be sold, the management is not looking to step out. It’s simply not true,” a Napster spokesman said on January 23.

Google has been in discussions with Napster to offer a digital music service, rather than start one on its own, the NY Post reported.

Source: Reuters

 

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