Roxio to acquire Napster assets

Toast developer Roxio has announced its intent to acquire the assets of Napster Inc., the now-defunct music sharing service. The deal is expected to close later this month.

It wasn't too long ago that information about Napster saturated newspapers, televisions and Web sites. The once high-flying service provided a way for computer users to share music -- often sharing commercial recordings of popular artists -- with impunity. The service's popularity raised the ire of some popular artists and their record labels, as well as the Recording Industry Association of America (RIAA), resulting in lawsuits and court action that eventually lead to Napster's downfall. Napster filed for Chapter 11 bankruptcy protection in June of 2001.

Roxio is the developer of CD authoring software like Toast and Jam for the Macintosh and Easy CD Creator for the PC. The company was founded in September, 2000 as a wholly owned subsidiary of storage peripheral maker Adaptec Inc.

Under the terms of the agreement, Roxio acquires all of Napster's assets -- including its intellectual property, such as its technology patents -- but none of Napster's liabilities. Roxio has offered US$5 million in cash and 100,000 warrants to purchase Roxio common stock for the deal.

Roxio President and CEO Chris Gorog noted said that the acquisition will expand his company's "role in the digital media landscape," although he stopped short of outline what sort of plans they had for Napster's technology specifically.

Roxio expects the deal to close following the approval of the Delaware bankruptcy court, which is expected to happen on November 27, 2002.

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Peter Cohen

PC World
Show Comments

Cool Tech

Bang and Olufsen Beosound Stage - Dolby Atmos Soundbar

Learn more >

Toys for Boys

Sony WF-1000XM3 Wireless Noise Cancelling Headphones

Learn more >

ASUS ROG, ACRONYM partner for Special Edition Zephyrus G14

Learn more >

Nakamichi Delta 100 3-Way Hi Fi Speaker System

Learn more >

Family Friendly

Mario Kart Live: Home Circuit for Nintendo Switch

Learn more >

Philips Sonicare Diamond Clean 9000 Toothbrush

Learn more >

Stocking Stuffer

SunnyBunny Snowflakes 20 LED Solar Powered Fairy String

Learn more >

Teac 7 inch Swivel Screen Portable DVD Player

Learn more >

Christmas Gift Guide

Click for more ›

Most Popular Reviews

Latest Articles


PCW Evaluation Team

Tom Pope

Dynabook Portégé X30L-G

Ultimately this laptop has achieved everything I would hope for in a laptop for work, while fitting that into a form factor and weight that is remarkable.

Tom Sellers


This smart laptop was enjoyable to use and great to work on – creating content was super simple.

Lolita Wang


It really doesn’t get more “gaming laptop” than this.

Jack Jeffries


As the Maserati or BMW of laptops, it would fit perfectly in the hands of a professional needing firepower under the hood, sophistication and class on the surface, and gaming prowess (sports mode if you will) in between.

Taylor Carr


The MSI PS63 is an amazing laptop and I would definitely consider buying one in the future.

Christopher Low

Brother RJ-4230B

This small mobile printer is exactly what I need for invoicing and other jobs such as sending fellow tradesman details or step-by-step instructions that I can easily print off from my phone or the Web.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?