Napster merges with Hampster
Posted by Michael on Thursday September 5, 2002 @01:19AM
from the dancing-with-mp3s dept.
Squid writes: On Tuesday, the courts blocked the sale of music file-sharing service Napster to Bertelsmann AG. Now, on the brink of liquidation, Napster has completed a successful merger with its second choice, the classic entertainment Web site Hampsterdance.com.
“This will be a boon to both companies,” says Napster CEO Konrad Hilbers. “It allows Napster to emerge as a more serious Web enterprise.” The merged company is already working on a new site, Napsterdance.com, which will feature animated images of a dancing Napster logo, a dancing hamster, and Napster founder Shawn Fanning. No source of revenue was announced, but analysts remain hopeful.